Tag: UAE: Emirates Steel holds rebar offer stable for May’26 amid weak demand and supply risks

Weak demand to cap upside despite cost pressure Supply tightness to prevent sharp price correction Emirates Steel has maintained its May rebar offer at AED 2,721/t ($741/t) ex-works, signalling an effort to stabilise the domestic market despite persistent cost pressures, logistical disruptions, and soft demand conditions. Industry sources suggested that the price rollover also reflects…