UAE-based steelmaker Emirates Steel Industries (ESI), which had announced its rebar prices for January production at AED 1,818/mt ($495/mt) ex-works, has lately announced its rebar prices for February production. Accordingly, ESI has decreased its rebar prices by AED 128/mt ($35/mt) to AED 1,690/mt ($460/mt) ex-works for February production, as compared to its previous prices for January output materials.
$1 = AED 3.67