Import markets remain weak in Gulf states for billet, rebar

The import markets for steel billet and rebar in the Gulf Co-operation Council (GCC) nations has been slow this week, with market participants expecting prices to fall, Metal Bulletin has heard.

Iran offered billet at $495-500 per tonne cfr to the UAE, but no significant deals were heard.
Metal Bulletin’s weekly price assessment for UAE billet imports was unchanged at $495-500 per tonne cfr on Tuesday October 24.

Turkey offered rebar at $525-530 per tonne cfr on a theoretical weight...


Serife Durmus

October 24, 2017

18:35 GMT