GULF STEEL BILLET, REBAR: Import rebar prices up, billet prices fall on high stocks

Import rebar prices in the United Arab Emirates (UAE) went up this week but billet import prices decreased in new deals, Fastmarkets heard on Tuesday December 4.

Demand was not strong because stocks were high already, market sources said. Domestic rebar The country’s largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production. Conares Steel was offering rebar at 1,990 dirhams per tonne on the same basis. Demand for rebar in the country was only moderate over the week. Fastmarkets’...

Published

Serife Durmus

December 04, 2018

14:44 GMT

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