18
Apr
14:27
UAE market awaits Emirates Steel rebar quote
The United Arab Emirates retail (ESI) rebar market is stable and awaits the Emirates Steel May delivery rebar price announcement, which will likely come towards the end of this week. Traders have low rebar stocks and are not eager to book for rebar until the ESI rebar price surfaces, Kallanish notes.
This week, in the retail segment, ESI rebar is quoted at AED 3,100/t ($844/t) and non-ESI material at AED 3,050/t, all delivered. However, a few transaction…
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Anonymous
Very good overview of the weekly steel market.
Anonymous