The price level of imported rebar in the UAE market is at around AED 2,950-3,000/mt ($803-817/mt) delivered to site on a theoretical weight basis for 3- and 4-month deferred payment, excluding VAT.
The retail rebar market in the UAE is tending to edge beyond the price level of AED 3,000/mt ($817/mt). However, offers at the level of AED 3,100/mt ($844/mt) are heard only very rarely in the market.
On the other hand, the Turkish producers' offers for late March shipments are at the level of $770/mt CFR, on a theoretical weight basis.