UAE-based Conares increases domestic rebar prices for December

SteelOrbis has learned that the UAE-based steel producer Conares Metal Supply has announced its ex-works price for December production rebar as per BS4449:1997 460B and BS4449:2005 B500B at AED 2,225/mt ($606/mt) for 8-32 mm, for payment via 60-day letter of credit. Conares' December production prices for 8-32 mm rebar has indicated an increase of AED 50/mt ($14/mt) as compared to November rolling prices.
 
$1 = AED 3.673