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FINANCIAL NEWS
Abu Dhabi steel prices up 6% in March
29 Apr 2010
(MENAFN) Statistics Centre Abu Dhabi (SCAD) said in its monthly bulletin that the average price of steel in March increased by 6.6 percent over February and steel bars rose 16.2 percent from a year earlier, Gulf News reported.
Overall, building materials prices show general stability, with the various types of cement shedding an average of 0.3 percent and lumber edging up 0.1 percent. Concrete prices added an average of 12.8 percent.
The increase in concrete prices was driven by a 13 percent rise in Emirates standard ready-mixed concrete and 12.7 percent in Emirates sulphate-resistant ready-mixed concrete.
The rise in the average price of steel was the result of a 2.5 percent increase per ton of flat steel, 5.5 percent for high tensile steel, 4.3 percent for RBC mesh and 29.5 percent for binding wire.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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