Newsletter September 2021
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September 30, 2021
UAE rebar prices in October
Being under the pressure of the slow demand, Emirates Steel lowered its October rebar price to AED 2,406/t ($655/t) EXW, down from AED 2,608/t ($710/t) EXW in September. Prices are indicated without 5% VAT. $1 = AED 3.673.
Bahrain government approves value-added tax increase to 10%
The Bahraini Cabinet approved a draft law amending the value-added tax, and increasing it from the current 5% to 10%, starting from January 2022. The Council referred the draft law amending the value-added tax to Parliament for approval. The Bahrain government said in a statement on Monday that the annual growth of real GDP reached …
Bahrain government approves value-added tax increase to 10% Read More »
Japan’s steel exports up 3.6% in January-August
In August this year, Japan’s iron and steel product exports amounted to 2.95 million metric tons, down 3.5% month on month and up 14.0% year on year, according to the customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-August period this year, Japanese iron and steel product exports amounted to …