Official rebar prices stable for third consecutive month in UAE
As in every country, construction activity, as well as product prices, is witnessing a continuous decline.
Yet, Abu Dhabi’s Emirates Steel Industries (ESI) has held domestic rebar prices steady for the third consecutive month amid COVID-19.
Rebar will be obtainable at AED 1,689.50/t ($460/t) EXW Abu Dhabi, which are seen as stable in a pessimistic market. Metal Expert has learnt from one of the customers.
Rebar from Conares is currently available at AED 1,690/t ($460/t) EXW and from Union Iron and Steel Company and Hamriyah Steel at AED 1,685/t ($459/t) EXW.
Prices are shown without 5% VAT.
Currency rate $1 = AED 3.673.