GULF STEEL BILLET, REBAR: Import prices fall, market demand weak

The price for imported billet and rebar in the United Arab Emirates decreased this week amid continuing weak demand, sources told Fastmarkets on Tuesday April 23.

Domestic rebar Local rebar producers in the UAE kept their prices unchanged for May production material, with demand expected to remain poor due to the Islamic holy month of Ramadan starting early in May. The observance of Ramadan in Muslim communities and countries typically results in shorter working days and reduced demand for material. The country’s largest...

Published

Serife Durmus

April 23, 2019

10:50 GMT

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