26
Feb
11:13
ESI foresees construction slowdown, price drop in 2019
Emirates Steel (ESI) expects a slowdown in the regional construction sector and drop in sales prices to be among the challenges it will face in 2019. The Abu Dhabi-based steelmaker sold 2.51 million tonnes of finished product on the domestic market and 631,000t for export to 40 countries in 2018.
Finished steel output was 3.1mt in 2018, a slight drop from 3.2mt in 2017. Rebar comprised 2.1mt, wire rod 500,000t and heavy sections 600,000t. The firm maintained&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous