22
Nov
13:26
ESI rolls over rebar price amid high stocks
United Arab Emirates’ largest producer, Emirates Steel (ESI), has rolled over its 12-32mm diameter rebar price for December deliveries at AED 2,490/tonne ($678) ex-mill, as expected by many local market participants.
The company is implementing a discount policy of AED 35-75/t ($9.5-20) subject to tonnage and/or pre-agreed quota. ESI has meanwhile kept wire rod prices unchanged for 5.5-6mm diameter product at $730/t and for 6mm and up at $720/t, both ex-work…
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Anonymous
Very good overview of the weekly steel market.
Anonymous