08
May
15:34
ESI slashes rebar to stave off competition
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price by AED 166/tonne ($45) from the previous month to AED 1,697/t ($462) ex-works for May deliveries. The move has been made to maintain market share amid competition from regional as well as imported product, market participants tell Kallanish.
US-origin scrap prices rose to $275/t cfr Turkey last week (see Kallanish passim), slightly below the level seen in the penultimate week of March when ESI an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous