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25 Jul
13:40

ESI rolls over rebar price, offers compensation

United Arab Emirates' largest integrated mill, Emirates Steel (ESI), has unexpectedly rolled over its August-delivery domestic market rebar (BS4449:2005 grade GR500B) quotes for 12-40mm diameter at AED 2,516/tonne ($685). The same grade 8-16mm dia rebar in coil is at AED 2,582/t ($695). Prices are ex-mill payable 90 days after the invoice date, Kallanish notes. ESI is offering its regular customers, with whom…
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