Over the past week, demand in the local United Arab Emirates (UAE) rebar market has weakened slightly, though it is still lively while projects for Expo 2020 continue. UAE-based Emirates Steel Industries maintained its domestic rebar prices month on month at AED 2,016/mt ($549/mt) ex-works, excluding five percent VAT. Meanwhile, rebar prices in the UAE spot market have also remained unchanged week on week at AED 2,000-2,030/mt ($545-553/mt) delivered to customer.
$1 = AED 3.67