UAE-based steelmaker Emirates Steel Industries (
ESI) has increased its
rebar prices for March and April production by AED 125/mt ($34/mt) to AED 1,525/mt ($416/mt) ex-works, as compared to its previous prices announced on January 18 for February and March output materials. Market sources state that the producer is offering discounts of $10/mt, depending on buyer and tonnage.
$1 = AED 3.67