In the UAE domestic rebar market, traders' rebar offers are this week standing at AED 1,840/mt ($501/mt) delivered to site for three-to-six month deferred payments on theoretical weight basis. The offers in question may decline (i.e., to AED 1,800/mt ($490/mt) for cash payments. Rebar prices in the Dubai market have this week again remained unchanged, while not many transactions are seen in the market. Meanwhile, producers' new price levels are expected to be announced in late December.
US$1 = AED 3.67