Emirates Arkan Company announced that it will keep unchanged the prices of rebar for May production (10-40 mm) at 2,744 dirhams ($747) per ton CPT Abu Dhabi and 2,752 dirhams ($749) per ton CPT Dubai, Sharjah and the Northern Emirates. The above prices do not include 5% VAT.
The factory’s decision to keep prices unchanged came as a surprise to some in the market, as the Eid holiday and record rains caused disruptions and closures in cities across the UAE and Oman, leading to a surge in inventory in rebar dealers’ warehouses.
1 dollar = 3.67 dirhams
