GULF STEEL BILLET, REBAR: Prices stable, demand weak with Ramadan lull approaching

Prices for steel rebar in the United Arab Emirates and Saudi Arabia were stable this week although demand remained weak, sources told Metal Bulletin on Tuesday May 15.

The market was expected to remain slow in the near term because of the Islamic holy month of Ramadan, which begins later this week, and during which working hours will be reduced. Domestic rebar The major rebar producers in the UAE have not changed their prices since April 25. The biggest steel producer, Emirates Steel, is offering rebar at 2,223...

Published

Serife Durmus

May 15, 2018

18:00 GMT

Bursa