24
Aug
11:09
UAE sees sharp rebar price decrease
Emirates Steel (ESI) has, as expected, announced September-delivery rebar prices to give direction to the deadlocked United Arab Emirates rebar market, Kallanish notes.
ESI's September-delivery prices for 8-32mm rebar are at AED 2,610/tonne ($710) ex-works, a sharp decrease from AED 2,956/t ($805) for August deliveries. During August, ESI concluded rebar deals mostly at AED 2,750-2,800/t, depending on volume, due to subdued domestic demand and safegu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous