Demand still at medium levels in UAE rebar market

Tuesday, 29 March 2016 14:47:05 (GMT+3)   |   Istanbul
       

Demand in the local United Arab Emirates (UAE) rebar market has remained at medium levels during the past week. Although UAE-based producers' rebar prices are still at AED 1,525/mt ($416/mt) CPT ex-works, market players are expecting domestic mills to raise their rebar prices in the coming month. There has been a limited number of sales to the UAE from Turkey due to the gradual uptrend seen in Turkish rebar offers throughout March, while in the same period Turkish producers have sold a total of 22,000 mt of rebar to the UAE in the range of $395-400/mt CFR, on theoretical weight basis. Meanwhile, UAE-based traders' domestic rebar prices have remained unchanged week on week in the range of AED 1,600-1,620/mt ($436-441/mt) delivered to customer, for March delivery.
 
$1 = AED 3.67

Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet