Given the sustained strength of domestic trading activity, retail rebar prices in the UAE have remained relatively stable as October begins. The country’s leading domestic rebar producer, Emsteel, has announced unchanged prices for the month, signaling confidence in the current demand environment. In turn, most major traders across the UAE have also maintained their pricing unchanged. Market participants report broadly positive sentiment, supported by a strong pipeline of ongoing and upcoming construction projects in the country. Traders view the outlook as bright, with expectations that demand for rebar will remain firm through the final quarter of 2025 and into the following year. According to market reports, rebar consumption in September has been estimated at around 400,000 mt, roughly in line with the previous month’s levels, further reflecting the consistency of demand.
Against this backdrop, for Emsteel-origin goods with 90-day letters of credit, retailers’ workable price levels in the UAE have remained stable month on month at AED 2,520-2,560/mt ($686-697/mt) ex-warehouse.
Meanwhile, offers for non-Emsteel materials have shown a slight decrease compared to last month, now standing at AED 2,400-2,420/mt ($653-658/mt) ex-warehouse, down from AED 2,420-2,460/mt ($658-669/mt) ex-warehouse.
Similar stability has been observed in offers from secondary mills, with prices unchanged. Arabian Gulf Steel has issued prices at $630-637/mt (AED 2,320-2,340/mt) ex-works, while Qatar Steel maintained its offer at $628/mt (AED 2,310/mt) ex-works, unchanged from the previous month.
On the other hand, Omani suppliers, who had increased their offers last month, have reduced their quotations for October. Their rebar offers to the UAE are now being submitted at AED 2,295/mt ($625/mt) CPT for 90-day letters of credit, down from AED 2,350/mt ($640/mt) CPT.
$1 = AED 3.67
$1 = OMR 0.3845
