Steel Rebar (UAE) Prices

09-12-2025 - The current market analysis presents a complex picture for raw material prices. The forecast indicates upward price pressure, primarily influenced by technical data, with an estimated impact of $9.0 per tonne. This is largely driven by price signals and trend-following indicators. While demand and technical data suggest potential price increases, the influence of flows and supply data points to downward pressure, resulting in a mixed outlook.

In terms of specific commodities, the forecast predicts that the FOEX Steel Rebar price will rise to $651.0 per tonne within the next month, suggesting an upward trend. However, this optimistic forecast is challenged by external analyses. According to a report from Fastmarkets, the sentiment in the US ferrous scrap market remains largely neutral as December approaches. The Trend Indicator has slightly decreased to 47.9, indicating a modest 1% decline in prices month-over-month. This marks the second consecutive month of flat-to-lower price expectations, reflecting a lack of strong directional conviction among market participants. This external analysis suggests potential downward pressure on steel rebar prices, which contrasts with the forecast's upward projection.