Posted on 13 May 2025
Rebar sales in the United Arab Emirates have begun to pick up, especially in the retail segment, with prices stopping falling and remaining stable on-week. Sentiment has stabilised and buyers adjusted to current prices, Kallanish reports.
Local mills have successfully concluded their May-delivery campaigns, with most achieving their targeted volumes.
Retail prices remain steady compared to last week. Benchmark mill rebar is finding buyers at AED 2,420-2,440/tonne ($659-664) delivered and on credit terms, while secondary mill material is transacted at AED 2,280-2,300/t under the same conditions. Among traders, transactions for the benchmark mill’s product are occurring at around AED 2,375/t on a cash and ex-works basis.
In the wire rod segment, Oman-origin and local 6.5-11mm wire rod deals have concluded at between $580 and $590/t delivered against LC 90 days.
“The rebar market is healthy and good, with sales in the secondary market picking up as buyers digested the current pricing levels,” one trading source comments. “Developers’ payment delays, which are not new, remain the main complaint.”
Source:Kallanish
