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Emirates Steel Arkan (ESA), the largest long steel producer in the United Arab Emirates market, has slightly hiked its February-rolling 6.5-14mm diameter AISI/SAE 1006-1008 grade wire rod domestic market quote. It is now at AED 2,400/tonne ($653.3) ex-mill or AED 2,415.75/t ($657.3/t) cpt Dubai. This is based on letter-of-credit (LC) 90 days after delivery, Kallanish learns from market sources. The company charges AED 36.75/t extra each for AI…
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