Emirates Steel has announced a price increase for rebar in January 2025, raising costs by AED 50 (USD 13) per ton. The new prices are set at AED 2,660 (USD 724) per ton for deliveries to Abu Dhabi and AED 2,668 (USD 726) per ton for shipments to Dubai, Sharjah, and the Northern Emirates. These prices exclude a 5% value-added tax. Emirates Steel, based in Abu Dhabi, has a production capacity of 3.5 million tons of steel annually and exports to over 70 markets, accounting for 30% of its sales.