Emirates Steel, a subsidiary of the Amsteel Group, announced that rebar prices for June production will remain unchanged for the fifth consecutive month.
The company maintained the rebar price at AED 2,660 ($724) per ton for shipments to Abu Dhabi. For shipments to Dubai, Sharjah, and the Northern Emirates, the price is AED 2,668 ($726).
The above prices do not include a 5% value-added tax.
Emirates Steel is headquartered in Abu Dhabi and has an annual production capacity of 3.5 million tons of steel and 4.6 million tons of cement.
The group exports its products to more than 70 markets, representing 30% of its sales. The company offers a diverse range of steel products, including wire rods, rebar, heavy sections, and slabs.
1 US Dollar = 3.67 AED
