Emirates Steel, a subsidiary of the EMSTEEL Group, has announced that rebar prices for May production will remain unchanged for the fourth consecutive month.
The company has set the rebar price at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi. For shipments to Dubai, Sharjah, and the Northern Emirates, the price is slightly higher at AED 2,668 (USD 726) per ton.
These prices do not include 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