25
Apr
16:57
Emirates Steel reduces rebar steeply
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price to AED 2,223/t ($605) ex-works for May deliveries, or by AED 189/tonne from the previous month, local market participants tell Kallanish.
The big reduction comes after ESI unexpectedly hiked rebar by $20/t a month ago despite weakening sentiment in the global market. The increase encountered resistance from the local market, and ESI was reported to have subsequently offered a disco…
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Anonymous
Very good overview of the weekly steel market.
Anonymous