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20 Mar

Emirates Steel leaves rebar unchanged, reassures retail market

United Arab Emirates market setter Emirates Steel (ESI) has kept its domestic rebar (BS4449:2005 Grade GR500B) prices unchanged for the second consecutive month at AED 2,735/tonne ($745) ex-works theoretical weight for April rolling. The move has been praised by traders as a signal of stability amid the worrying global price downtrend. Deliveries to customers in Abu Dhabi are quoted at AED 2,742/t ($747) and to Dubai, Sharjah, Al Ain and the Northern Emirates at …
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