25
Aug
15:42
UAE's ESI drops rebar price, offers extra discount
The United Arab Emirates' largest integrated mill, Emirates Steel Arkan (ESI), has lowered its September-rolling domestic market rebar (BS4449:2005 grade GR500B) quotes for 12-40mm diameter by AED 165/tonne ($45/t) to AED 2,351/t ex-works. However, a few hours after the price announcement, ESI informed its regular customers that a discount of AED 110-129/t would be deducted on announced quotes if the buyer orders 20% more than its …
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Anonymous
Very good overview of the weekly steel market.
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