UAE’s Emirates Steel increases rebar price

Emirates Steel, the largest steel producer of the United Arab Emirates, has added 311.5 dirhams ($84.79) per tonne to its rebar price for orders to be produced in January, effective from Wednesday December 16.

Emirates Steel is now offering rebar at 2,295.50 dirhams per tonne ex-works, compared with 1,984 dirhams per tonne ex-works previously.

Rebar producers in the UAE were offering rebar at 1,984-1,985 dirhams ($540) per tonne ex-works for December-production orders since November. But producers had closed their...


Serife Durmus

December 16, 2020

10:40 GMT