GULF STEEL BILLET, REBAR: Import prices rise but demand moderate

Price assessments for steel rebar and billet imported into the United Arab Emirates have increased slightly this week but demand remained moderate, sources told Fastmarkets on Tuesday March 12.

New local rebar prices will probably be announced after March 20, after which buying activity may increase, sources said. Market participants expected rebar prices to go up because of rising raw material prices. Fastmarkets’ daily index for Northern Europe-origin HMS 1&2 (80:20) was $317.17 per tonne cfr on...

Published

Serife Durmus

March 12, 2019

18:14 GMT

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