17
Jul
14:07
UAE mills increase rebar prices on costlier ore
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 72/tonne ($20) from the previous month to AED 1,953/t ($532) ex-works for August shipment, local market sources tell Kallanish.
The hike, following two months of unchanged prices, is a result purely of higher iron ore prices and has nothing to do with demand, which has not improved, sources observe. “This (price rise) is good to hear, but demand is not that much,” says a D…
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Anonymous
Very good overview of the weekly steel market.
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