The largest steel manufacturer and market leader in the United Arab Emirates, Emirates Steel Arkan (ESA), has released its wire rod prices for May production.
According to its announcement, ESA has kept its wire rod price unchanged month on month at $610/mt ex-works (AED 2,240/mt), citing the stability of the local market.
Other local producers, on the other hand, have not yet announced their offers but they are expected to do so in the coming days.
$1 = AED 3.672