17
Nov
19:14
ESI rebar hike underwhelms, compatriot mills opt against
Emirates Steel has increased its rebar price for December deliveries to the domestic market by AED 48/tonne ($13) on-month to AED 1,984/t ($540) ex-works.
United Arab Emirates market sources had expected the hike to be steeper, but it underwhelmed “…probably considering it’s year-end and the depressed market in UAE,” a Dubai-based trader tells Kallanish. Moreover, the steelmaker is offering discounts of $20/t to some customers, he adds. &l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous