18
May
13:13
UAE market anticipates significant ESI rebar price reduction
The United Arab Emirates rebar market is very slow, as sector participants are waiting for Emirates Steel (ESI) to announce June-rolling rebar prices, likely on 23 or 24 May. They anticipate prices to decline by AED 400/tonne ($109) from ESI’s May-delivery quote of AED 3,175/t ex-mill on 90 days credit, Kallanish notes.
"Current rebar market sentiment, softened raw material and scrap prices in the global markets and softening billet quotes in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous