12
Sep
16:07
ESI raises rebar further on costlier raw materials
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 144/tonne ($39/t) from the previous month to AED 2,205/t ($600) ex-works for October deliveries, market participants tell Kallanish.
The increase is the result of a $50/t rise in the landed price of imported billet in United Arab Emirates, as well as the circa $15/t growth in scrap prices compared to a month ago. CIS billet quotes are now up to $520/t fob Black Sea, with deals he…
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Anonymous
Very good overview of the weekly steel market.
Anonymous