22
Sep
09:16
Emirates Steel inches up rebar on rising demand
On the eve of the fourth quarter, increasing construction activity is boosting demand for reinforcing steel, motivating the United Arab Emirates benchmark mill to lift its rebar prices. Buy-side sources in the country have welcomed the decision.
Emirates Steel Arkan’s wholly owned subsidiary, Emirates Steel (ESI), the market maker in UAE, has elevated domestic rebar (BS4449:2005 grade GR500B) tags by AED 73.45/tonne ($20) versus September to AED 2,515/t…
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Anonymous
Very good overview of the weekly steel market.
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