21
Jan
14:18
Costlier billet drives up UAE rebar prices
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price for the domestic market by AED 53/tonne ($14) on-month for February deliveries to AED 1,953/t ($532) ex-works.
The hike has been driven by higher billet prices compared to mid-December when ESI announced its January-delivery rebar price. Opinions over local market demand, however, are mixed. One mill source tells Kallanish: “The first quarter has improved so far.” But another mill sourc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous