UAE’s Conares Steel reduces rebar price

Dubai's Conares Steel has cut its rebar price to 2,530 dirhams ($689) per tonne ex-works, down from the previous 2,590 dirhams per tonne ex-works, chief executive Bharat Bhatia told Fastmarkets on Thursday, February 25.

The UAE steelmaker's announcement follow's Wednesday's price cut by the region’s biggest steel producer Emirates Steel, which dropped its rebar price by 91 dirhams to 2,535 dirhams...


Serife Durmus

February 25, 2021

16:25 GMT