GULF STEEL BILLET, REBAR: Prices increase on improved demand

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.

Some market participants believe prices will increase further due to the global rise in production costs, while others argue that demand is not strong enough to support such increases.
Billet imports

Billet was offered from Oman at about $420-425 per tonne cpt, up from last week’s $410-415...

Published

Serife Durmus

November 12, 2019

15:25 GMT

Bursa