UAE’s Emirates Steel Arkan has raised rebar prices for its September production.
The company’s new rebar prices are set at AED 2,447.25 (USD 666) per ton CPT Abu Dhabi and AED 2,456.25 (USD 669) per ton CPT Dubai, Sharjah, and the Northern Emirates. This represents an increase of USD 19-20 per ton from last month’s prices.
These prices exclude 5pct VAT.
Formed after the merger of Emirates Steel and Arkan Building Materials in 2021, Emirates Steel Arkan is majority-owned by Abu Dhabi holding company ADQ. With an annual steel production capacity of 3.5 mln tons, the company offers a diverse range of products, including wire rod, rebar, heavy sections, and sheet piles, catering to both domestic and international markets.
1 USD / 3.67 AED
