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29 Jan
13:12

UAE retail prices hold despite benchmark mill's hike

Rebar retail prices in the United Arab Emirates are not improving, although last week the benchmark mill announced an increase in February-delivery mill prices, up AED 55/tonne on January to AED 2,735/t ($745) ex-works. In the retail segment, average transaction prices for rebar on a credit basis – not less than 120 days – remain at AED 2,580-2,600/t delivered for benchmark mill and AED 2,470-2,490/t delivered for secondary mill – including the …
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