UAE-based steel producer Conares has announced that it plans to reach full capacity production at its rebar mill in November due to the substantial increase in both domestic and export demand mainly supported by the improving situation in the construction industry.
In November, Conares will produce 45,000 mt of rebar, 50 percent higher than the September and October volumes. Conares said that its ERW black and galvanized pipe outputs will remain unchanged at 6,000 mt and 3,000 mt, respectively.
Conares' order book for November rolling has been filled and negotiations for December rolling will start in the third week of November.
Conares has an annual production capacity of over 750,000 mt, including 500,000 mt of rebar, 250,000 mt of ERW pipe and 36,000 mt of galvanized pipes. The company's exports account for over 20 percent of its total production and its main export destinations include the MENA region, the EU and the US.
