UAE-based steelmaker Emirates Steel Industries (ESI), which had announced its rebar prices for February production at AED 1,690/mt ($460/mt) ex-works, has lately announced its rebar prices for March production. Accordingly, ESI has increased its rebar prices by AED 99/mt ($27/mt) to AED 1,789/mt ($487/mt) ex-works for March production, as compared to its previous prices for February output materials.
$1 = AED 3.67