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24 Apr
08:32

UAE's Emirates Steel reduces domestic rebar price

United Arab Emirates fully integrated mill Emirates Steel Arkan (ESA) has rolled back its May-delivery 10-32mm diameter domestic rebar (BS4449:2005 grade GR500B) quotes by AED 129/tonne ($35) versus April. The reduction was expected by a wide range of traders and rival domestic mills, Kallanish notes.  The new rebar prices are at AED 2,534/t ($690) ex-works, AED 2,541/t ($692) cpt Abu Dhabi and AED 2,549/t ($694) c…
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