Little interest in imports as UAE domestic rebar price falls

Domestic rebar prices in the UAE fell this week as steel billet import prices dropped, and rebar import values remained largely unchanged.

Rebar from Turkey was on offer at $435 per tonne cfr on a theoretical weight basis, but no major deals were heard.
“Local prices are competitive now, [so] we are not interested in import material,” a trader told Metal Bulletin.

“No one is discussing with Turkish mills at the moment. The...


Serife Durmus

May 09, 2017

16:18 GMT