Market sources report that
UAE-based steelmaker Conares has increased its
rebar prices for May production to AED 1,650/mt ($450/mt) CPT, as compared to prices for April output materials, which were at AED 1,525/mt ($416/mt) CPT. Market sources state that the producer is also offering discounts, depending on buyer and tonnage.
$1 = AED 3.67