It's reported that that the UAE's integrated steel mill Emirates Steel has announced to cut rebar ex-work prices by AED60/ton to AED2, 350/ton, effective from May 22nd. Besides, the other steel mills in the UAE have also announced to adjust prices recently. It's learned that Conares Steel also cut its rebar ex-work prices by AED60/ton. Also, Alam Steel said that it would cut prices in accordance with the market situation.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64605&division=A4
