Posted on 12 Aug 2025
Mills supplying the United Arab Emirates domestic market, including Omani producers Jindal Steel Sohar (JSS) and Muscat Steel, have recorded exceptionally strong demand for straight rebar in August, Kallanish observes.
According to senior mill officials, Emirates Steel (ESI), the UAE’s benchmark producer, secured 192,000 tonnes of rebar orders during the month. Union Iron and Steel booked 35,000t, while JSS, Asas Steel (formerly Hamriyah), and Qatar Steel FZE together secured slightly over 200,000t. Additional bookings by AGSI, Gulf Steel, Conares and Muscat Steel pushed the total volume above 470,000t – marking the highest monthly bookings in 2025 so far.
“Traders are currently holding around 23 days’ worth of inventory, and retail sales in the secondary market are expected to surpass July’s estimated volume of 425,000 tonnes,” a senior mill official says.
Looking ahead, the market anticipates a price increase of $20/tonne (AED 73.45) in September, driven by strong sentiment and a robust pipeline of upcoming construction projects. This could shift market dynamics significantly, particularly since ESI has held prices steady since February, contributing to relative price stability in both the wholesale and retail segments.
In August, ESI’s official list price remained at AED 2,480/t ($675) ex-works on LC 90-day terms. After distributor rebates and spot discounts, average effective delivered prices ranged from AED 2,300-2,345/t ($626–639) delivered. Meanwhile, secondary mills offered rebar at AED 2,190-2,240/t delivered, under similar payment and delivery conditions.
Source:Kallanish
