GULF STEEL BILLET, REBAR: Billet import prices rise, rebar stable

The import price for steel billet in the United Arab Emirates increased this week on higher offers, sources told Fastmarkets on Tuesday January 29.

Domestic rebar Local rebar producers in the UAE announced reduced prices on January 21 for material to be shipped in February. The country’s largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, while Conares Steel was offering rebar at 1,835 dirhams per tonne ex-works, for February shipping. Hamriyah Steel was offering the product at 1,840 dirhams per tonne ex-works,...


Serife Durmus

January 29, 2019

15:40 GMT