In the UAE domestic rebar market, traders' rebar offers are this week standing at AED 1,840/mt ($501/mt) delivered to site for three-to-four month deferred payments on theoretical weight basis. The offers in question may decline slightly (i.e., to AED 1,810/mt ($493/mt) for cash payments. No great improvement has been observed in demand ahead of holidays.
US$1 = AED 3.67