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[SMM Announcement] Launch of "SMM UAE Rebar EXW Price" Assessment
2026-06-24 16:19
Dear Industry Colleagues,
Greetings!
The United Arab Emirates (UAE) is a pivotal hub for steel production and consumption in the Middle East. Its rebar pricing serves as a crucial bellwether for the Gulf Cooperation Council (GCC) region and significantly influences global long steel trade flows. However, the Middle East steel market has long faced challenges due to inconsistent ex-works pricing terms among local mills, varying settlement methods, and a general lack of unified and transparent benchmark indicators.
Based on comprehensive research into the core products and markets of key steel mills in the UAE and the broader Middle East (primarily featuring Emirates Steel and others), SMM is officially launching the "SMM UAE Rebar EXW Price" assessment.
This price assessment is designed to fulfill two core functions: first, to provide an authoritative and transparent pricing reference for steel trade transactions both globally and within the Middle East; second, to offer a more comprehensive and accurate reflection of the overall supply-demand dynamics and price fluctuations in the UAE rebar market.
SMM will officially begin publishing the "SMM UAE Rebar EXW Price" on June 30, 2026.
Moving forward, SMM will continuously optimize its price assessment methodology and calculation models to ensure the timeliness and precision of our data. Our goal is to provide all steel market participants with a professional and reliable pricing benchmark, thereby supporting the high-quality and orderly development of the industry.
The specifications of the price assessment are detailed below:
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Product Name: SMM UAE Rebar EXW Price
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Definition: Ex-Works (EXW) price of local steel mills' rebar in the UAE
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Unit: USD/mt
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Size Range: Φ12-32mm
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Quality Standard / Grade: Compliant with BS 4449:2005 Grade B500B
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Mainstream Brand: EMSTEEL, etc.
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Minimum Transaction Volume: 100 metric tons
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Publication Frequency: Monthly (typically at the end of the month, subject to minor adjustments)
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Payment / Settlement Terms: L/C 90 days
SMM Steel Research Team
June 24, 2026