GULF STEEL BILLET, REBAR: Holiday lull keeps market weak

Prices for imported steel billet and domestic rebar in the United Arab Emirates have gone down over the past week, while rebar import prices have remained stable, sources told Fastmarkets on Tuesday June 11.

Domestic rebar The demand for local rebar was weak, because the country has just finished observing the Islamic holy month of Ramadan. The observance of Ramadan in Muslim communities and countries typically results in shorter working days and reduced demand for steel and other materials. The UAE’s largest producer, Emirates Steel,...

Published

Cem Turken

June 11, 2019

17:00 GMT

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