Emirates Steel has announced an increase in its domestic prices for 12-32mm rebar, reflecting favorable market conditions. For November deliveries, the price has been raised by AED 110 per tonne (approximately 30 USD), bringing the ex-works price to AED 2,552 per tonne (695 USD).
In addition, the new pricing structure includes AED 2,560 per tonne (697 USD) for deliveries to Abu Dhabi, while customers in Dubai, Sharjah, and the Northern Emirates will see prices set at AED 2,568 per tonne (699 USD) for cpt.
This price adjustment comes as the market shows positive signs, indicating strong demand and a robust construction sector. Emirates Steel's proactive approach aims to align with current market trends and maintain its competitive edge in the industry.
Industry experts suggest that this move could stimulate further investment in local construction projects, enhancing growth prospects in the region.
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