The price level of imported rebar in the UAE market is at around AED 5,500-5,600/mt ($1,497-1,525/mt) delivered to site on a theoretical weight basis for three-to-four month deferred payment, excluding VAT.
The rebar prices in the local UAE market have been maintaining their upward trend. On the other hand, the latest deals concluded from Turkey to the UAE have been at the price level of $1,400/mt CFR on a theoretical weight basis. Meanwhile, it is heard that the Turkish producers have been offering rebars to this market at the price level of $1,450/mt CFR and above, on a theoretical weight basis.