This week,
rebar prices in the
UAE domestic market are standing at AED 2,540/mt ($692/mt) ex-warehouse, on theoretical weight basis.
UAE-based integrated steel producer Emirates Steel Industries (
ESI) and Qatar-based long steel and
billet producer Qatar are expected to announce their July output
rebar prices in the coming week. In addition, while
rebar demand has remained at normal levels, buyers in the local
UAE market first want to see these mills' offers, before considering ex-
Turkey rebar offers.
$1 = AED 3.67