Buyers in the local United Arab Emirates (UAE) rebar market are still exerting pressure on prices despite the downward price revision made two weeks ago. For now, domestic rebar prices in the country are still at AED 1,880-1,930/mt ($512-526/mt) delivered to customer, though buyers are expected to continue to exert pressure on prices due to the declines in global scrap prices.
$1 = AED 3.67