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22 Aug
10:38

Emirates Steel retains rebar quotes for fourth month

Emirates Steel, the market maker in the United Arab Emirates, has retained the same rebar prices for the fourth month in a row, as anticipated by most steel sector participants. The steelmaker informed its distributors that September-rolling domestic rebar (BS4449:2005 grade GR500B) quotes will remain at AED 2,442/tonne ($665) ex-works, AED 2,450/t ($667) cpt Abu Dhabi and AED 2,458/t ($669) cpt Dubai, Sharjah and Northern Emirates theoretical weigh…
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