Rebar prices in UAE

SteelOrbis has learned that local rebar prices in the UAE this week stand in the range of AED 2,600-2,650/mt ($708-722/mt) for deliveries to customer, depending on payment terms. Meanwhile, demand has remained slow in the local UAE rebar market.
 
Importers in Dubai have been waiting to observe the future market trend, which is expected to be shaped by new rebar offers from the Turkish mills.
 
$1 = AED 3.673