16
Nov
13:18
ESI slashes rebar amid competition from Oman
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price by AED 81/tonne ($22) from the previous month to AED 2,016/t ($549) for December deliveries, market participants tell Kallanish.
Although Turkish scrap import prices have rebounded this week to $314/t cfr, the same level they were at when ESI announced its November-delivery quote a month ago, billet prices have weakened considerably. CIS billet is now quoted at around $460/t fob Black Sea, d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous