Merchant bar price level in UAE

The price level of 140 mm and below sized imported merchant bars in the UAE market is at AED 3,000-3,500/mt ($817-953/mt) delivered to customer on a theoretical weight basis for 60-day deferred payment. Although the 140 mm and below sized merchant bar prices in the UAE have been showing some variation, it is heard that the buyers are abstaining from purchases for the time being.