Domestic rebar prices in UAE move up

Tuesday, 05 February 2019 15:09:39 (GMT+3)   |   Istanbul

Over the past week, demand in the local United Arab Emirates (UAE) market has recovered slightly, though failing to reach lively levels. Following the rises recorded in import scrap and billet quotations in the UAE, local traders have increased their domestic rebar offers by  an average of AED 50/mt  week on week to AED 1,875-1,925/mt ($511-525/mt) delivered to customer.

$1 = AED 3.67

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