- Rebar sellers offer flexible pricing to close pre-holiday deals
- Limited trading ahead of Eid; suppliers fulfilling old orders
BigMint’s UAE domestic processed HMS index remained largely stable w-o-w at AED 1,230-1232/t ($335/t) amid slow trading during the Eid holidays. Activity was limited, keeping major scrap grades’ prices largely unchanged.
As per sources, HMS 80:20 is steady at around AED 1,170-1,180/t ($318-321/t). HMS 80:20 processed and PNS remained stable near AED 1,220-1,240/t ($332-338/t). Fabrication scrap is priced at around AED 1,260-1,265/t ($343-345/t). Rebar end-cuts traded at close to AED 1,310-1,320/t ($357-360/t).
A major trading house source said that the market is in holiday mode and they are only fulfilling previously-booked orders, with no new offers currently. Activity is expected to resume by mid-next week after Eid.
HMS (80:20) spread
The average spread between HMS 80:20 from Europe and the UAE’s processed HMS 80:20 inched down w-o-w to approximately $12-15/t CFR Nhava Sheva. Prices of imported HMS on the west coast of India stood at $345-346/t CFR, while the UAE’s processed HMS tags were at $333-335/t DAP Abu Dhabi.
UAE rebar market heats up amid holiday rush
The UAE rebar market is seeing a surge in trading as mills aim to close deals before the holiday break. This has led to more flexible pricing as sellers push to wrap up their sales.
Non-benchmarked rebar prices eased to AED 2,200-2,240/t ($600-610/t) delivered with 90-day LC, slightly down from AED 2,220-2,260/t ($600-620/t). Retail prices now stand at AED 2,300-2,340/t ($630-640/t) from second-tier mills and AED 2,460-2,480/t ($670-680/t) from the main suppliers. Negotiations continue as both buyers and sellers seek to close with results before the break.
Other updates
UAE re-rolling model under strain amid limited billet supply
The UAE’s re-rolling industry faces challenges as new ECAS rules limit certified billet supply. With Emirates Steel dominating local output and sanctions cutting off Iran, Russia, and Ukraine, re-rollers must rely on expensive, distant Asian suppliers. Growing demand for low-emission steel puts those without green steelmaking at a disadvantage. Investing in in-house steel production is becoming essential for competition.
EMSTEEL is set to expand its product portfolio with the introduction of high-strength beams, following a recent collaboration with Danieli, producing ASTM A913 Grade 80 and EN S500ML beams. These low-alloy beams offer superior weldability and toughness for demanding construction projects. The new process reduces water use by up to 30%, supporting EMSTEEL’s sustainability goals. The company’s steelmaking capacity includes three DRI plants (4.2 mtpa) and EAFs (3.6 mtpa), with rolling lines totalling 3.5 mtpa.
Outlook: With the Eid holidays slowing activity, trading is expected to pick up again by mid-next week as market participants return.
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