SteelOrbis has been informed that the local price level for rebar in the Dubai market is at AED 5,600-5,800/mt ($1,522-1,576/mt) delivered to site, excluding VAT, on theoretical weight basis with three to four month deferred payment.
The local rebar prices in the Dubai market have softened by around AED 200/mt ($54/mt) in the past two weeks. The abovementioned prices with three to four month deferred payment can be reduced to the level of AED 5,400/mt ($1,470/mt) for cash payments.