GULF STEEL BILLET, REBAR: Falling prices fail to revive import demand

The rebar and steel billet import markets in the United Arab Emirates and Saudi Arabia remained weak over the past seven days, despite some prices falling, sources told Metal Bulletin on Tuesday November 21.

Iranian mills were offering billet at $465-490 per tonne cfr to the UAE, but no deals were heard.
“The market prefers to wait [until closer to] the end of the year,” one market participant said.

Metal Bulletin’s weekly price assessment for UAE billet imports was...


Serife Durmus

November 21, 2017

17:09 GMT