UAE rebar prices maintain resilient stability despite summer demand fluctuations

In a notable development within the construction industry, rebar prices in the United Arab Emirates (UAE) have managed to sustain stability across most markets, with a minor exception in the northern regions. with the benchmark mill at AED 2,370-2,400/t and tier-two mills at AED 2,260-2,280/t on credit. Cash payment sees a deduction of AED 20-40/t from the lower margin. Most rebar producers are fully booked or have reached their August targets

Despite the global economic fluctuations, the UAE's construction sector has displayed remarkable resilience, with rebar prices maintaining their equilibrium in key markets across the country. 

Traders note moderate demand, slightly lower volumes compared to July, but better than the previous week. Price stability since June reflects market equilibrium, influenced by consistent supply and demand. Despite reduced summer sales, stability is expected to persist in September, driven by construction sector growth.