Emirates Steel raises rebar prices for November output

Emirates Steel, a subsidiary of the EMSTEEL Group, has raised its rebar prices by AED 58 (USD 16) per ton for November production.

The new price is set at AED 2,648 (USD 721) per ton, up from AED 2,590 (USD 705) in October, on an EXW basis.

The above prices exclude the 5pct VAT.

Headquartered in Abu Dhabi, Emirates Steel has a production capacity of 3.5 mln tons of steel and 4.6 mln tons of cement annually. The group exports to over 70 markets, accounting for 30pct of its sales. The company offers a diverse range of steel products, including wire rod, rebar, heavy sections, and sheet piles.

1 USD / 3.67 AED