The price level of imported rebar in the UAE market is at AED 4,100-4,200/mt ($1,116-1,144/mt) delivered to site on a theoretical weight basis for three-to-four month deferred payment, excluding VAT.
The UAE retail market has registered a sharp increase with the local UAE producer having raised its prices significantly in the past week. In particular, the prices and the demand level in the rebar market in Abu Dhabi are slightly better compared to the market in Dubai.
On the import side, Turkish producers have been continuing their offers at the price level of $1,030-1,040/mt CFR on a theoretical weight basis. On the other hand, offers from Qatar are currently at QAR 3,900/mt ($1,072/mt) CFR on a theoretical weight basis.