24
Feb
15:27
ESI reduces rebar price as feedstock lags behind
Emirates Steel (ESI) has reduced its rebar price for March deliveries to the domestic United Arab Emirates market by AED 56/tonne ($15) on-month to AED 1,897/t ($517) ex-works. This negates the hike implemented last month, bringing the price back to the level for January deliveries.
Last month’s hike was “… not warranted,” a Dubai-based trader tells Kallanish. “Since then, even though scrap/billet prices have recovered a bit, they ar…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous