GULF STEEL BILLET, REBAR: Soft demand, summer lull keep market slow

Prices for imported rebar in the United Arab Emirates have weakened over the past week, in line with lower offers and a lack of demand, sources said on Tuesday June 18.

Domestic rebar
The domestic rebar market in the UAE was sluggish due to a drop in demand during the summer period.
The UAE’s largest producer, Emirates Steel, was offering rebar at 1,881 dirhams ($512) per tonne ex-works this week, while Conares Steel was offering rebar at 1,800 dirhams per tonne ex-works.

Hamriyah Steel was offering similar material at...


Cem Turken

June 18, 2019

15:54 GMT