26
Apr
11:16
UAE's ESA drops May rolling wire rod prices
May delivery domestic wire rod prices have dropped sharply in the United Arab Emirates.
UAE benchmark mill Emirates Steel Arkan (ESA) has decreased its May-delivery 6.5-14mm thickness AISI/SAE 1006 to 1018 grade wire rod domestic market quotes by AED 257/tonne ($70/t). Against letter-of-credit (LC) 90 days after delivery or cash in advance, VAT excluded prices are at AED 2,350.5/t ex-works, AED 2,357/t cpt Abu Dhabi and AED…
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Anonymous
Very good overview of the weekly steel market.
Anonymous