UAE’s Emirates Steel gives $34 discount to rebar buyers in soft market [UPDATED]

The United Arab Emirates’ biggest steel producer, Emirates Steel, has been giving discounts on its rebar price of as much as 126 dirhams ($34) per tonne ex-works on June orders, Fastmarkets learnt on Monday May 20.

The conpany was accepting orders at 1,881 dirhams ($512) per tonne ex-works, but its list price was 2,007 dirhams per tonne ex-works, unchanged since early February. Fastmarkets’ latest assessment of the domestic price for rebar...


Serife Durmus

May 20, 2019

15:25 GMT