GULF STEEL BILLET, REBAR: Domestic rebar prices rise but imports stall

Rebar import prices for material brought into the United Arab Emirates and Saudi Arabia both went up this week while there were no imports of billet, sources told Metal Bulletin on Tuesday February 13.

Demand for locally produced rebar in the UAE was still strong, however. Domestic rebar The major rebar producers in the UAE announced new prices on January 16 and they have remained unchanged since then. The country’s biggest producer, Emirates Steel, is offering rebar at 2,340 dirhams ($637) per tonne ex-works, while rebar from Conares Steel is on offer at 2,332 dirhams per tonne ex-works, for February and March deliveries. Metal Bulletin’s weekly price assessment for...

Published

Serife Durmus

February 13, 2018

15:44 GMT

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