Rebar price increase in the UAE

Tuesday, 25 December 2007 11:29:27 (GMT+3)   |  
       

Prices in the local UAE rebar retail market have been increasing continuously in recent weeks. Having concluded some sales at the price level of AED 2,750-2,800/mt ($749-762/mt) excluding VAT, trading companies in the UAE domestic rebar market are now trying to increase their retail prices to the level of AED 2,850/mt ($776/mt) delivered to site on a theoretical weight basis for 3- and 4-month deferred payment, excluding VAT.

With regard to imports, the Turkish producers' offers were at $720/mt CFR on a theoretical weight basis for late February/early March shipments last week. The producers have started to mention about the price level of $750/mt CFR on a theoretical weight basis.


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