Prices for imported rebar in the United Arab Emirates have weakened over the past week, in line with lower offers and a lack of demand, sources said on Tuesday June 18.
Domestic rebar The domestic rebar market in the UAE was sluggish due to a drop in demand during the summer period. The UAE's largest producer, Emirates Steel, was offering rebar at 1,881 dirhams ($512) per tonne ex-works this week, while Conares Steel was offering rebar at 1,800 dirhams per tonne ex-works. Hamriyah Steel was offering similar material at 1,805-1,825 dirhams per...