UAE-based steelmaker Emirates Steel Industries (ESI), which had announced its rebar prices for August and September production at AED 1,750/mt ($477/mt) ex-works and afterwards revised its prices for September production to AED 1,550/mt ($423/mt) ex-works, has lately announced its rebar prices for October production. Accordingly, ESI has reduced its rebar prices by AED 128/mt ($35/mt) to AED 1,422/mt ($388/mt) ex-works for October production, as compared to its previous prices for September output materials.
$1 = AED 3.67