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14 Nov
12:47

UAE rebar market awaits December price announcement

The rebar market in United Arab Emirates is stable this week. In the retail segment, Emirates Steel Arkan (ESA) rebar is at AED 2,260-2,290/tonne ($615-624) and non-ESA at AED 2,180-2,200/t ($594-599) delivered to buyer’s yard on a credit basis. The lower end of the ESA rebar range is from big traders with large stocks, and higher pre-agreed discounts are reflected in the retail price and cash prices of medium-sized traders. Due to increased finance cos…
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