11
Feb
17:45
ESI hikes rebar price on increased input cost
Abu Dhabi-based Emirates Steel (ESI) has increased its rebar price by AED 162/tonne ($44) from the previous month to AED 2,007/t ($546.5) ex-works for March deliveries.
The move is due to increased costs, with prices of iron ore, scrap and steel rising rapidly since ESI’s last price announcement three weeks ago, market participants tell Kallanish. When asked if United Arab Emirates demand is also supporting the price hike, a Dubai-based trader says: &ldquo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous