12
Oct
15:55
ESI slashes rebar following September correction
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price by AED 108/tonne ($29) from the previous month to AED 2,097/t ($571) ex-works for November deliveries, market participants tell Kallanish.
The move was widely expected as scrap has fallen $40/t and billet some $30/t since ESI’s last price announcement a month ago. ESI’s reduction could have been steeper if it had not been for scrap rebounding $20/t since it bottomed out at $295/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous