GULF STEEL BILLET, REBAR: Rebar imports still weak, billet import prices rise

The rebar import markets in the United Arab Emirates and Saudi Arabia have remained weak over the past seven days and prices unmoved, but billet prices have increased, sources told Metal Bulletin on Tuesday, November 28.

Iranian mills were offering billet at $485-490 per tonne cfr to the UAE, and a producer in one of the Gulf Co-operation Council (GCC) countries was offering the material at $490 per tonne cfr UAE.
Metal Bulletin’s weekly price assessment for UAE billet imports was $485-490 per tonne cfr on November 28, rising from $465-480 per tonne cfr.


Serife Durmus

November 28, 2017

16:49 GMT