24
Jan
11:13
Emirates Steel maintains rebar price, bucking global uptrend
United Arab Emirates integrated steel mill Emirates Steel (ESI) has rolled over its February-delivery rebar prices for the fourth consecutive month.
These are at AED 2,490/tonne ($678) ex-mill for 12-40mm diameter domestic rebar (BS4449 grade B500B), payable 90 days after the invoice date, notes Kallanish.
“They [ESI’s price announcement] have gone against the wave,” opines a senior mill official. “Globally, there is upward …
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