UAE billet, rebar import prices soften on weaker demand

UAE rebar and billet import prices softened this week on a slowdown in buying activity as demand dropped during the Islamic holy month of Ramadan, market sources told Metal Bulletin.

Traders offered Iran-origin billet to the UAE at $400-405 per tonne cfr.
Some market participants called these prices workable, however, it was not confirmed by deals.
Meanwhile, a cargo of Iranian billet was heard booked at $395 per tonne cfr.

Metal Bulletin’s weekly price assessment for UAE billet imports was $395-400 per tonne cfr on Tuesday, down from last week’s...


Vlada Novokreshchenova

June 13, 2017

23:27 GMT