Strong demand in local UAE rebar market

Tuesday, 13 November 2018 17:46:47 (GMT+3)   |   Istanbul

Over the past week, demand in the local United Arab Emirates (UAE) rebar market has increased further and is now at strong levels as the new transportation and accommodation projects for Expo 2020 have started following the completion of infrastructure projects. Satisfied with the domestic rebar demand in the country, UAE-based traders have maintained their domestic rebar prices at AED 2,000-2,030/mt ($545-553/mt) delivered to customer. Market sources state that UAE-based steel producers are not expected to change their prices in December, as they are also pleased with the current strong demand. 

$1 = AED 3.67


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