United Arab Emirates producers Emirates Steel and Conares Steel have increased their rebar prices for February production with effect from Wednesday January 13.

Emirates Steel is now offering rebar at 2,626 dirhams ($715) per tonne ex-works for orders to be produced in February, rising from the previous offer price of 2,295.50 dirhams per tonne ex-works for January production. Conares Steel is offering rebar at 2,590 dirhams per tonne ex-works for February production, rising from 2,259 dirhams per tonne ex-works for January production.