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.
Metal Bulletin’s weekly price...