27
Apr
14:56
UAE rebar prices hold fast for May deliveries
Emirates Steel (ESI) has kept its rebar price for the domestic market unchanged on-month at AED 1,689.5/tonne ($460) ex-works for May deliveries. This comes amid reduced demand in United Arab Emirates on account of the Covid-19 pandemic, which mills have responded to by limiting production.
Asked about market activity during Ramadan, which began last Thursday, a Dubai-based trader says: “It will be subdued. Normally Ramadan is down -10% on normal; this year …
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Anonymous
Very good overview of the weekly steel market.
Anonymous