It is observed that demand in the local United Arab Emirates (UAE) rebar market has improved slightly as compared to September, though it is still at low levels. This slight rise in domestic rebar demand in the UAE has stopped the declining trend of prices. As a result, domestic rebar prices in the UAE have remained stable week on week at AED 2,000-2,030/mt ($545-553/mt) delivered to customer.
$1 = AED 3.67