Emirates Steel, a leading steel producer in the UAE, has announced a price increase for its rebar products due to robust domestic demand. The company has raised its January rebar offers by approximately $14 per tonne (AED 50), setting the new price at $709 per tonne (AED 2,602) ex-works. This adjustment reflects a strategic response to healthy market conditions and improved financial targets for the second half of 2024. The updated pricing is expected to support Emirates Steel's operational goals as it continues to cater to the growing local consumption of steel products.