13
Jan
15:25
ESI raises rebar price, increases price announcement frequency
Abu-Dhabi Emirates Steel (ESI) has increased its rebar price for February deliveries to the domestic market by AED 90/tonne ($25) on-month to AED 2,626/t ($715). United Arab Emirates sources say the steelmaker will imminently move to announcing a new price twice a month rather than its traditional monthly adjustments.
Local market participants tell Kallanish the latest price hike is purely cost driven, with demand remaining subdued, and ESI is likely to raise the …
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Anonymous
Very good overview of the weekly steel market.
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