27
Jun
18:22
Emirates Steel decreases rebar on subdued demand
Abu Dhabi-based Emirates Steel (ESI) has decreased its rebar price to AED 3,012/tonne ($820) ex-works for July deliveries to the domestic market, down from AED 3,067/t ($835) for June, local market participants tell Kallanish.
The reduction factors in slowing construction activity over the summer, an almost one-week-long Eid holiday in July and steady but subdued demand. If buying does not pick up during the month, a further reduction coul…
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Anonymous
Very good overview of the weekly steel market.
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