In a recent announcement, Emirates Steel Arkan has revealed an increase in the prices of rebar for the upcoming month of September. at AED 2,447.25 ($666) per tonne CPT Abu Dhabi and AED 2,456.25 ($669) per tonne CPT Dubai, Sharjah, and Northern Emirates. This marks an increase of $19-20 per tonne compared to the previous month’s prices. These new rates are exclusive of the 5% VAT. The price adjustment reflects the company’s response to fluctuating market conditions and rising production costs. With the exchange rate at 1 USD = 3.67 AED, the updated pricing aims to balance the need for maintaining high-quality production standards while addressing economic pressures.
Industry stakeholders are advised to consider these changes in their planning and budgeting for upcoming projects. Emirates Steel Arkan remains dedicated to providing support and solutions to its customers during this transition. This adjustment comes in response to rising production costs and market demand fluctuations.
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