Rebar retailers in the United Arab Emirates have decided to roll over prices for July, reflecting a broadly stable market environment and consistent demand levels. Leading domestic producer Emsteel has also opted to maintain its pricing unchanged this month, following six consecutive months of adjustments. According to industry sources, while trade remains healthy, a slight seasonal softening is noted due to the summer slowdown. Still, this has not significantly impacted rebar consumption, which is projected to remain within the range of 390,000-400,000 mt for June, comparable to May levels.
“There’s been no change in retail prices because demand is holding firm. With regional uncertainty and market volatility, Emsteel likely saw rolling over prices as the safest option. In different circumstances, prices may have gone up,” a local trader told SteelOrbis
As a result, Emsteel-origin rebar, with 90-day letters of credit, is being offered by retailers at AED 2,420-2,430/mt ($658-661/mt) CPT, reflecting no change from June. Similarly, non-Emsteel materials are being offered at AED 2,260-2,300/mt ($615-626/mt), also stable month on month.
Arabian Gulf Steel has aligned its prices with the broader market direction, maintaining its rebar price at AED 2,280/mt ($620/mt), consistent with last month’s pricing.
Meanwhile, Omani suppliers have also kept their offers largely unchanged, submitting July rebar offers to the UAE at AED 2,270–2,280/mt ($618–620/mt) CPT under similar 90-day letter of credit terms.
$1 = AED 3.67
$1 = OMR 0.3845