Emirates Steel Arkan (ESA), the UAE's largest steel manufacturer and market leader, has published domestic wire rod prices for March production. Due to the stabilization of the local market, the producer has chosen to keep its wire rod prices for March production stable compared to the previous month at $650/mt ex-works (AED 2,387/mt).
Other local producers have not yet issued their offers, although they are expected to follow a similar trend in the coming days.
$1 = AED 3.672