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UAE : Rebar prices fell by 17% in June 2022

Rebar prices in the local market in the UAE recorded a sudden drop in June, touching 2,530 dirhams per ton, down 16.6% compared to prices last May, which were around 2,950 dirhams per ton, according to sources working in the building materials trade.
The sources linked this decline to several reasons, including the drop in global rebar prices, and the decline in the severity of the repercussions of the geopolitical crisis in Eastern Europe on imports of raw materials from Russia, which began to restore normal export levels of raw materials and billet until before the Russian-Ukrainian war despite from Western sanctions, in addition to the availability of new sources of import.

Rebar prices in the UAE fell during the month of May by 8% to 2,950 dirhams per ton, after they jumped to an average between 3,200 and 3,300 dirhams per ton during the months of March and April of this year, against the background of the geopolitical crisis between Russia and Ukraine that began on February 24.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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28 Board of Directors

17 Country

300.000 Employees

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