24
Oct
14:16
ESA duty exemption lifts GCC rebar sentiment
Gulf Cooperation Council rebar market sentiment has been bolstered by Saudi Arabia's duty exemption for Emirates Steel Arkan (ESA).
Last Thursday, when the exemption was announced, the United Arab Emirates-based steelmaker also raised its November-delivery 10-32mm domestic rebar price by AED 38/tonne ($10) to AED 2,260/t ($615) ex-mill. The duty exemption, however, came later in the afternoon and had no impact on ESA's domestic rebar prices, Kallanish…
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Anonymous
Very good overview of the weekly steel market.
Anonymous