After remaining quiet during Ramadan also due to hot weather, the UAE domestic rebar market has so far failed to see the expected revival after the Ramadan holiday. Market players in the UAE rebar market are currently facing difficulties in foreseeing the market trend. The rebar price hike of AED 40/mt ($11/mt) announced by Emirates Steel Industries (ESI) for September had resulted in marginal increases in retail sales prices. However, due to the soft trend seen in the UAE market, coupled with sufficient inventory levels and strong competition, higher prices have failed to gain acceptance in the market. Currently, rebar retail prices in the UAE market are standing at AED 2,500-2,525/mt ($681-688/mt) ex-warehouse.
The soft trend seen in the UAE rebar market has also caused import rebar offers to soften. Accordingly, Turkish mills' rebar offers to the UAE have declined to $625-635/mt CFR Jebel Ali on theoretical weight basis.
$1 = AED 3.673
UAE rebar market remains soft after Ramadan
Marketplace Offers
Deformed Bar
Diameter
6 - 32 mm
ES ISO 6935-2 2019 B500BWR , ASTM A615 GR 60
Tedarikçi
YOTTA TRADING