Emirates Steel Industries cuts domestic prices for March rebar

Emirates Steel Industries (ESI), the largest longs producer in the UAE, has announced domestic offer prices for March-production rebar. 
Due to a decrease in a booking price for Turkish rebar, lower scrap and billet costs in the region, the local supplier has cut its rebar prices by $26/t (AED 95/t) to $514/t (AED 1,890/t) EXW TW ($1 = AED 3.675), Metal Expert learns. ”It is cheaper than Turkish cargoes arriving in March at $485-500/t CFR [including import duty],” a UAE-based trader said. 


Mar 8, 2015 10:17
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