It's reported that the rebar prices have continued falling in the UAE market recently due to lower demand in Ramadan.
This week, the rebar quotes are at US$635/ton in the UAE market, falling by US$3/ton from a week ago.
Meanwhile, the local steelmaker Emirates Steel have kept its ex-work prices of rebar unchanged at around US$629/ton due to weak demand.
However, industry sources predicted that rebar demand might rise in UAE market after the Ramadan.
News Date 8/1/2013 2:13:20 PM reported by Nann Cheng