Tag: Rebar

Three local notable rebar producers are bidding to snatch a billion birr tender for the supply of rebars for the Addis Ababa housing projects out of the invited nine local producers.

The Addis Ababa Public Procurement and Property Disposal Agency has finally decided to rebid the billion birr rebar purchase after months of back and forth with the company that was awarded the supply contract pursuant to the outcome of the previous bid process.  

One billion birr worth of rebar tender appears to be in limbo following the recent currency devaluation and rebar price hike in the international market.

Effects of the 15 percent devaluation measure, which was announced last week on Tuesday, are slowly dripping into market. Upon the announcement, economists and commentators opined that implementing the measure at this particular time could have some dire impacts on the normal functions of the market.

Steely yet to accept the award Steely RMI PLC is finally awarded the supply contract of 50,084 tons of reinforcement bars at a total price of 1.23 billion birr by the Addis Ababa Public Procurement and Property Disposal Service, this week, it was learnt.