Demand has been following a sluggish trend in the UAE's domestic rebar market. Import rebar offers given to this country by Turkish producers are observed to have decreased recently, thereby also pushing domestic rebar prices down.
Domestic rebar offers in the UAE are currently standing at the level of AED 1,750-1,900/mt ($476-517/mt) delivered to site, on theoretical weight basis, with three-to-four month deferred payment.
US$1 = AED 3.67320