In the UAE domestic market end-user demand has been trending slack. Local mill Emirates Steel has issued its rebar prices at the levels of AED 1,920-1,950/mt ($523-531/mt), though it is heard that this price may be lowered for high tonnages. Meanwhile, other rebar mills have determined their prices in the range of AED 1,800-1,820/mt ($490-496/mt). All prices are for delivery to customer.
US$1 = AED 3.67300