GULF STEEL BILLET, REBAR: Import prices mixed with rebar rising while billet edges down

Prices for imported rebar in the United Arab Emirates increased this week in response to domestic price hikes, but billet import values declined in line with the global market, sources said on Tuesday July 23.

The higher price for rebar imports was driven by local producers in the UAE increasing their prices last week. But weakening billet prices globally, sent billet import prices in the opposite direction. Fastmarkets’ daily index for steel billet exports, fob Black Sea, was $419 per tonne fob on July 22, down from $422 per tonne fob on July...

Published

Serife Durmus

July 23, 2019

15:41 GMT

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