Rebar prices in the UAE rise by 92 dirhams in January

The UAE rebar market is expected to witness a rise in rebar prices, supported by rising demand and an upward trend in raw materials. As the largest local steel producer clarified its price policy for the month of January, the prices of rebar for the month of January will be as follows: 2,689 UAE dirhams/ton ($732/ton) for Abu Dhabi delivery and 2,696 UAE dirhams/ton ($734/ton) CPT Dubai, Sharjah, and the Northern Emirates. Higher than December prices by 92 dirhams/ton ($25/ton). Prices are shown without 5% VAT. Currency price: 1 dollar = 3.673 UAE dirhams.