UAE steel prices soar
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UAE steel prices soar

UAE steel prices soar

Steel prices have soared in the UAE this year due to a booming construction industry and are likely to keep rising, reported Reuters. A tonne of rebar, used in construction, cost around $1,020 on Tuesday, up from around $900 in the first week of March, dealers said. One executive from a Gulf steel producer estimated prices could hit $1,500 a tonne by the end of the year.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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