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According to the UAE "United Daily News" special report Recently, the Abu Dhabi Statistics Center released data show that three quarters of the local market steel prices fell 19.1 percent, the price per ton between 1400 to 1600 dirhams dirham (US $ 380 USD to $ 435), fell to its lowest level in 10 years. Industry insiders steel prices continued to fall and oil prices lead to lower prices of building materials, with China as the representative of the weak market demand, global economic slowdown has a direct relationship. With the 2016 UAE market is expected to tender a new project, started construction, steel prices will gradually rise.