Although the rebar market typically slows down during the month of Ramadan, prices in the UAE are on the rise due to the high demand.
As “Emirates Steel – Arkan” the group announced rebar steel prices for its authorized distributors in the local market for April at 2,669 dirhams per tonne ($727 per tonne) CPT Abu Dhabi and 2,677 dirhams per tonne ($729 per tonne) CPT Dubai, up by $35 from March prices.
It is noteworthy that the Group's rebar steel prices in March amounted to 2,540 dirhams per tonne (692 dollars per tonne) CPT Abu Dhabi and 2,547 dirhams per tonne (693 dollars per tonne) CPT Dubai, higher than February prices by $25 per tonne.