Rebar prices trend sideways in UAE domestic market

n the UAE domestic market, rebar prices have remained unchanged as compared to previous weeks and are still at AED 2,575-2,590/mt ($702-706/mt) ex-warehouse, on theoretical weight basis. SteelOrbis has learned from market sources that rebar demand in the country is moderate, while some supply shortages may be observed in the domestic market due to rebar exports to Saudi Arabia. 
 
Meanwhile, UAE-based integrated steel producer Emirates Steel Industries' (ESI) rebar offers to the domestic market are still at the level of AED 2,535/mt ($691/mt) ex-works.
 
Additionally, Qatar-based long steel producer Qatar Steel's rebar prices for April production have remained at QAR 2,500/mt ($687/mt) ex-works.
 
Furthermore, SteelOrbis has been informed by market insiders that this week rebar offers from Turkey to Dubai are at the range of $670-680/mt CFR, on theoretical weight basis. 
 
$1 =AED 3.67
$1 =QAR 3.64