GULF STEEL BILLET, REBAR: Billet import price narrows on moderate demand
The import price for steel billet in the United Arab Emirates has narrowed over the past week and both import and domestic prices for rebar have fallen slightly, with demand for products only moderate, sources said on Tuesday October 8.
New domestic prices for rebar for the month were announced
by the country’s producers on September 26. Both Emirates Steel and Conares reduced their prices.
Several billet bookings were made from Oman at about $395-402 per tonne...