UAE producers raise rebar prices as GCC prepares to increase import duty

Rebar producers in the United Arab Emirates have increased their prices for the product with effect from Wednesday May 23, Metal Bulletin has heard.

The biggest steel producer, Emirates Steel, is now offering rebar at 2,295 dirhams ($625) per tonne ex-works. This is up from 2,223 dirhams per tonne, which had been the price since April 25.
Compatriot producer Conares Steel is now offering rebar at 2,290 dirhams per tonne ex-works, up from 2,216 dirhams per tonne.
Rebar producers in the UAE normally announce their price changes soon after the 20th of each month, so new prices had been expected.

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Serife Durmus

May 23, 2018

15:15 GMT