Demand was not strong because stocks were high already, market sources said.
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’...