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25 Feb
12:19

UAE rebar retail prices rise, price announcements postponed

In United Arab Emirates, mills Hamriyah and Conares have postponed their March-rolling rebar price announcements. Meanwhile, Union Iron Steel, Jindal Shadeed and Gulf Steel – who already announced March-delivery rebar quotes – have decided to wait till 28 February to release their net prices. In the retail market, Emirates Steel’s rebar is offered at AED 2,625-2,640/tonne ($714-718/t) and non-ESI material at AED 2,570-2,585/t, various source…
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