22
May
14:44
ESI maintains rebar price but offers discount
Abu Dhabi-based Emirates Steel (ESI) has maintained its previous month’s rebar price of AED 2,007/tonne ($546.5) ex-works for June deliveries. However, amid the Ramadan market slowdown trading sources say the producer is offering discounts of up to AED 126/t to shift stock.
“It’s effectively a big price drop,” says one Dubai-based trader. ESI are looking to shift stock without losing face amid continued competition from Omani pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous