06
Sep
16:04
ESI slashes rebar to near January level
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price by AED 328/tonne ($89) from August-September to AED 1,422/t ($387) ex-works for October deliveries. The move is a direct response to counter the large tonnages booked by UAE from Turkey over the summer, market participants tell Kallanish.
Combined with the huge $143/t decrease implemented by ESI for August-September, the steelmaker has brought its rebar price down by $232/t, more than offsetting …
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