SteelOrbis has learned that the UAE-based steel producer Conares Metal Supply has announced its ex-works price for October production 8-32 mm rebar as per BS4449:1997 46B and BS4449:2005 B500B at AED 2,300/mt ($627/mt) for payment via letter of credit for 60 days. Conares' October production prices indicated a decrease of AED 135/mt ($37/mt) as compared to September rolling.
$1 = AED 3.67