Turkish origin imported domestic rebar offers in the UAE are currently standing at the level of AED 1,700/mt ($463/mt) for cash payments and at the level of AED 1,800/mt ($490/mt) for three-to-four month deferred payment. All offers are delivered to site and on theoretical weight basis. Meanwhile, Chinese origin imported domestic rebar offers in the UAE are currently standing at the level of AED 1,500/mt ($408/mt) delivered to site, on theoretical weight basis and for three-to-four month deferred payment.
Rebar demand in the UAE domestic market is currently sluggish. While the demand for Chinese origin rebar is also very weak, stockists are offering their Chinese origin material at considerably low price levels in order to destock this material as soon as possible.
US$1 = AED 3.67310