25
Sep
17:09
Hamriyah quotes firm rebar price despite scrap slump
Hamriyah Steel has announced its October-production rebar offer at AED 2,195/tonne ($597.6) ex-works theoretical weight, including 5% customs duty for sale within the United Arab Emirates mainland.
The price is only $2 below that of Emirates Steel (ESI)’s October-shipment quote announced earlier this month, which was a $40/t increase on the previous month due to surging international scrap and billet prices. However, Chinese steel and Turkish scrap prices …
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Anonymous
Very good overview of the weekly steel market.
Anonymous