Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

Emirates Steel announces rebar prices for August

The Emirates Steel Arkan Group announced that it has fixed rebar prices for August at 2,516 dirhams per tonne, compared to July, for its authorized distributors in the UAE. This price does not include any discount based on quantities, additional charges for sizes or product grade or any other costs applied to the product price, such as the additional cost of raw materials.

Rebar prices witnessed a sudden drop in June to settle at 2,530 dirhams per ton, a decline of 16.6%, compared to May prices, which amounted to 2,950 dirhams per ton, according to sources working in the building materials trade.

The sources linked this decline to several reasons, including the drop in global rebar prices and the decreasing severity of the geopolitical crisis repercussions in Eastern Europe on raw material imports from Russia, which began to restore the standard raw materials export levels, steel squares “billet” until before the special military operation in Ukraine, despite the Western sanctions, in addition to the availability of new sources of import.

Rebar prices in the UAE fell in May by 8% to 2,950 dirhams per ton, after they jumped to a rate ranging between 3,200 and 3,300 dirhams per ton during March and April of this year, against the backdrop of the geopolitical crisis between Russia and Ukraine that began on February 24.

Emirates Arkan Steel provides 65% of the local market’s needs of rebar, coils of iron wire, heavy structural sections and pivot panels. At the same time, the company continues to enhance its export markets, which now include 56 countries, an increase of 50% over 2019.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed