The UAE retail rebar market has remained stable for December, as suppliers have opted to keep prices unchanged from last month. This decision reflects both steady demand in the domestic market and Emsteel’s roll-over of its December pricing. According to market participants, construction activity across the UAE continues at a healthy pace, helping to support consistent rebar consumption and reducing the need for any price adjustments. Demand has shown a gradual but noticeable improvement, with November consumption estimated at around 560,000 mt, compared with roughly 400,000 mt in the previous month.
As a result of Emsteel’s price roll-over for December, a similar stability has been reflected among secondary producers. Both Arabian Gulf Steel Industries (AGSI) and Qatar Steel have kept their rebar offers unchanged at $645/mt (AED 2,370/mt) ex-works and $642/mt (AED 2,360/mt) ex-works, respectively, matching last month’s pricing.
In the retail segment, prices for Emsteel-origin material with 90-day LC terms have also remained stable, with workable levels reported at AED 2,600-2,620/mt ($707-713/mt) ex-warehouse, unchanged month on month. In contrast, non-Emsteel material has shown a slight softening in price, now quoted at AED 2,480-2,500/mt ($675-680/mt) ex-warehouse, down from AED 2,500-2,520/mt ($680-685/mt) previously.
According to market sources, the decline in non-Emsteel pricing is linked to significant volumes purchased by Emirati buyers from Omani mills, whose December shipment allocations are now fully booked. Omani producers are reported to have sold over 100,000 mt of rebar at AED 2,400-2,425/mt ($653-660/mt) on 90-day LC terms, compared with last month’s offers of AED 2,450/mt ($667/mt) CPT, contributing to a slight decrease in offers.
$1 = AED 3.67
$1 = OMR 0.3845