20
Dec
14:06
ESI reduces rebar for January
Abu Dhabi-based Emirates Steel (ESI) has reduced its rebar price by AED 117/tonne ($32) from the previous month to AED 1,899/t ex-works for January deliveries.
Market participants tell Kallanish the move was made due to lower Chinese prices spurring a global price downtrend in recent weeks. “ESI is worried that rolling mills will be getting cheaper billet,” a Dubai-based trader says. “Even Turkish rebar was a threat to them if they didn&rs…
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Anonymous
Very good overview of the weekly steel market.
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