This week, UAE
rebar imports price is USD380-385 / mt on CFR basis, more than previous price
of USD380-383/ton. Buyers wait and see and delays in the procurement, market
run slowly. It is reported that Turkish rebar quoted at USD385-390 / mt on CFR
basis, the counter offer from buyers are USD380 / mt on CFR basis.
UAE domestic
rebar ex-works price is 1535-1545 dirham / tonne (USD 418-421 / ton).
XINSTEEL NEWS