Market sources report that UAE-based steelmaker Emirates Steel Industries (ESI) has reduced its rebar prices by AED 120/mt ($33/mt) for November and December production as compared to prices for October output materials, to AED 1,370/mt ($373/mt) ex-works. The producer has announced its prices for both November and December at the same time in order to provide some stability for prices in the domestic market.
$1 = AED 3.67