GULF STEEL BILLET, REBAR: Local rebar prices increase, billet prices narrow on new deal

Prices for locally produced rebar in the UAE have increased this week while billet import prices in the country narrowed with a new deal, sources have told Metal Bulletin.

Demand for imported rebar, meanwhile, was very weak in both countries because local prices were more competitive.
Domestic rebar
Major local rebar producers in the UAE announced new prices on Tuesday, January 16.

The country’s biggest producer, Emirates Steel, is offering rebar at 2,340 dirhams ($637) per tonne ex-works, up from the previous 2,250 dirhams per tonne...

Published

Serife Durmus

January 16, 2018

14:10 GMT

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