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. Hamriyah Steel...

Published

Serife Durmus

June 25, 2019

14:56 GMT

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