The price level of local production rebar in the UAE market is at AED 5,770/mt ($1,571/mt) delivered to site on a theoretical weight basis for three-to-four month deferred payment, excluding VAT.
Although rebar prices in the local UAE market have reached the above level, it is possible to see price levels of AED 5,500-5,600/mt ($1,497-1,524/mt) on cash payment basis.