• The company affirmed its support for construction sector and announced reduction of rebar prices
Abu Dhabi, UAE, 15 September 2021:
Emirates Steel, the leading integrated steel manufacturer in the Middle East, concluded its participation in The Big 5, the region’s largest construction industry’s event, held at Dubai World Trade Centre from 12 to 15 September 2021, with over a thousand local and international exhibitors with 20 national pavilions from 45 countries.
Emirates Steel stand featured virtual tours within the company’s plants, and highlighted its facilities offered to support the construction sector, and its new products, etc. Emirates Steel discussed the customers’ new requirements and needs in terms of products, services, and engineering solutions. And the event was an opportunity to review the market’s latest developments and communicate with the sector’s leaders.
In addition, the company announced the reduction of rebar prices (8-32 mm) by AED 348/tonne for September delivery to become AED 2,610 compared to AED 2,956 for August delivery. This is to support the construction sector and maintain the balance across the local market, keeping the prices of rebar in the UAE among the lowest regionally and globally.
Engineer Saeed Ghumran Al Remeithi, CEO of Emirates Steel, praised Emirates Steel’s successful participation in the significant event and emphasised the company’s role in supporting the UAE’s economic diversification and promoting its sustainable economic model based on knowledge and innovation.
Emirates Steel is currently preparing for its effective participation in Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2021), to be held at Abu Dhabi National Exhibition Centre (ADNEC) in November 2021, where it seeks to establish its position in oil and gas sector across the region.
