SteelOrbis has learned that the UAE-based steel producer Conares Metal Supply has announced its ex-works price for July production 8-32 mm rebar as per BS4449:1997 460B and BS4449:2005 B500B at AED 2,470/mt ($672/mt) for payment via letter of credit. Conares' July production prices have indicated a decrease of AED 30/mt ($8/mt) as compared to June rolling prices.
$1 = AED 3.673