GULF STEEL BILLET, REBAR: Prices stable, market yet to improve post-holiday

Prices for steel rebar and billet in the United Arab Emirates have remained stable over the past week, with demand poor after the Eid al-Adha religious holiday last week, sources said on Tuesday August 20.

Market participants believed that demand would improve after the UAE’s biggest producer, Emirates Steel, announced its new rebar price, which it usually does on the 20th day of each month. Domestic rebar Emirates Steel is the UAE’s largest producer, and was offering rebar at 1,953...

Published

Serife Durmus

August 20, 2019

14:42 GMT

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