The price level of imported rebar in the UAE market is at AED 4,250-4,300/mt ($1,157-1,171/mt) delivered to site on a theoretical weight basis for three-to-four month deferred payment, excluding VAT.
Under the effect of the rising price levels of the local producer and the increasing import offer levels, retail rebar market prices in the UAE are moving up. It is expected that the upward movement in the retail market will also continue in the upcoming days.
On the other hand, some deals from Turkey have recently been concluded at $1,100/mt CFR on a theoretical weight basis for July shipment. The offer levels from Turkey are currently at $1,100-1,125/mt CFR on a theoretical weight basis.