14
Oct
12:30
ESI slashes rebar to new record-low to counter Turkish decline
Abu-Dhabi based Emirates Steel (ESI) has decreased its rebar price for November and December deliveries to the domestic market by AED 120/tonne ($33/t) from October to AED 1,370/t ($373/t) ex-works. The price is a new record-low and represents the fourth consecutive month of decline.
The drop follows the latest Turkish-origin rebar booking earlier this month at $350/t cfr Dubai theoretical weight, the sole October-shipment vessel that was concluded. This compare…
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Anonymous
Very good overview of the weekly steel market.
Anonymous