Prices remain stable in local UAE rebar market

Tuesday, 20 November 2018 16:08:02 (GMT+3)   |   Istanbul
       

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


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