ESA holds rebar prices steady for July output

UAE's Emirates Steel Arkan (ESA) has announced that it will keep rebar prices unchanged for July production.

ESA will continue offering rebar at AED 2,450 (USD 667) per ton CPT Abu Dhabi and AED 2,458 (USD 669) per ton CPT Dubai.

The above price is without 5 pct VAT.

The decision to maintain stable prices comes as a result of slowing market activity, primarily attributed to the upcoming Eid holidays.

1 USD / 3.67 AED