22
Jan
18:31
Emirates Steel reduces rebar further
Abu Dhabi-based Emirates Steel (ESI) has reduced its rebar price by AED 54/tonne ($14.7) from the previous month to AED 1,845/t ($502) for February deliveries.
United Arab Emirates market participants say the reduction is due to slow demand. “They are trying to hurt re-rollers,” one Dubai-based trader says of ESI’s move. Supply from the steelmaker coupled with tonnage from other UAE and Omani mills comes to around 325,000 t/month versus a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous