GULF STEEL BILLET, REBAR: Billet import prices fall, demand remains weak

Prices for imported billet in the United Arab Emirates weakened over the past week, in line with lower offers and a lack of demand, sources said on Tuesday June 25.

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.


Serife Durmus

June 25, 2019

14:56 GMT