25
Jan
17:05
ESI keeps rebar unchanged in first bi-monthly announcement
Abu-Dhabi Emirates Steel (ESI) has maintained its previous rebar price of AED 2,626/tonne ($715) for bookings in the domestic market for the next two weeks. United Arab Emirates sources say ESI wanted to hike further but came under pressure from the declining international price trend.
Two weeks ago the steelmaker increased its rebar price by AED 90/t ($25) on-month and moved to announcing a new price twice a month rather than its traditional monthly adjustments (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous