SteelOrbis has been informed that the imported rebar price in the local UAE market varies in a range of AED 1,700-2,000/mt ($463-544/mt) delivered to site, on theoretical weight basis, with three to four month deferred payment.
The prices for rebar in the local UAE market have declined compared to last week. Price variations are observed in this market. Traders with high stock levels have been offering material at AED 1,700/mt delivered to site for cash payments. For the prices over the abovementioned level, payments are being done on 30-120 day deferred basis. Meanwhile, Chinese origin rebar price levels in this market are currently at AED 1,700/mt delivered to site, on theoretical weight basis.