GULF STEEL BILLET, REBAR: Prices drop on diminished demand

Prices for domestic steel rebar and imported steel billet in the United Arab Emirates decreased this week on poor demand, sources told Metal Bulletin on Tuesday May 1.

And demand for imported rebar in both countries remained almost non-existent. Domestic rebar The major rebar producers in the UAE announced new prices on April 25. The biggest steel producer, Emirates Steel, is now offering rebar at 2,332 dirhams ($635) per tonne ex-works, down from 2,412 dirhams per tonne...

Published

Serife Durmus

May 01, 2018

15:01 GMT

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