20
Jun
13:52
GCC rebar markets await ESI price announcement
The United Arab Emirates rebar market is awaiting Emirates Steel (ESI)’s July-delivery rebar prices, which are expected to be announced late on Wednesday.
This week, retail rebar prices have softened AED 50/tonne ($13.6) on-week, and current retail prices are almost AED 100/t ($26.6) lower than local mills’ June-rolling sales prices; however, buying appetite is very low. Buyers are purchasing minimum tonnages for their short-run consumption a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous