GULF STEEL BILLET, REBAR: Import prices drop in response to moderate demand [CORRECTED]

Import prices for steel billet and rebar in the United Arab Emirates narrowed over the past week, with domestic rebar prices falling due to a lack of demand, sources said on Tuesday October 15.

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. Billet imports Billet bookings were made from Oman at about $380 per tonne cpt over the week, while offers from Oman came in at $380-390 per...

Published

Serife Durmus

October 18, 2019

16:06 GMT

Bursa