Rebar price level in UAE

Tuesday, 19 August 2008 14:12:51 (GMT+3)   |  
       

The price level of Turkish origin imported rebar in the UAE market is at AED 5,300-5,600/mt ($1,443-1,524/mt), whereas the price level of Chinese origin imported rebar in the same market is at AED 4,900-5,000/mt ($1,332-1,361/mt), delivered to site on a theoretical weight basis for three-to-four month deferred payment, excluding VAT. The material in question is with CARES certification.

It is reported that the supply level is high in the UAE market despite the approach of Ramadan. Local traders comment that there may be some trouble with demand during Ramadan; however it is not expected to affect the market that much. They also mention that the slight softening in rebar prices should be considered as normal in this period. There have been a lot of rebar offers to Dubai not only from Turkey and China, but also from Ukraine, Spain and South Korea.


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