UAE’s Conares Steel increases rebar price for first time in three months

United Arab Emirates producer Conares Steel has increased its rebar price to 1,774 dirhams ($483) per tonne ex-works, from the previous month’s level of 1,690 dirhams per tonne ex-works.

The company’s price increase late on Tuesday June 16 followed the price announcement by the country’s biggest producer, Emirates Steel.

Emirates Steel said earlier on Tuesday it is offering rebar at 1,773 dirhams...

Published

Serife Durmus

June 17, 2020

15:14 GMT

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