GULF STEEL BILLET, REBAR: Suppliers raise offers but demand remains low

Prices for steel rebar and billet imported into the United Arab Emirates have increased slightly this week because of higher offers and deal prices, sources told Fastmarkets on Tuesday February 26.

The reason for the rise in the billet import price was that producers in Oman and Bahrain raised their prices for the commodity. But demand for rebar was moderate in the country, and with local supply being sufficient for domestic needs the requirement for imported material was low. Rebar...


Serife Durmus

February 26, 2019

14:05 GMT