Market sources report that
UAE-based steelmaker Conares has reduced its
rebar prices by AED 115/mt ($31/mt) for November production as compared to prices for October output materials, to AED 1,340/mt ($365/mt) ex-works. Market sources state that the producer is also cutting its
rebar prices to around AED 1,330/mt ($364/mt) ex-works for orders for 5,000 mt and higher.
$1 = AED 3.67