26
Sep
14:42
UAE rebar declines steeply on weak demand, competition
United Arab Emirates steelmakers have drastically reduced rebar prices for October delivery due to weak demand and increasing competition, local market participants tell Kallanish.
Market leader Emirates Steel (ESI) reduced its rebar price by a whopping AED 216/tonne ($59) to AED 1,737/t ($473) ex-works. Dubai-based re-roller rival Conares reduced its price by AED 215/t to AED 1,735/t ex-works. Sharjah-based re-roller Hamriyah Steel will announce its official pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous