GULF STEEL BILLET, REBAR: Billet prices increase, demand strong

Prices for steel billet imported to the United Arab Emirates have increased slightly over the past week amid strong demand, market sources said on Tuesday December 17.

Market participants in the UAE expect prices to increase further due to the global rise in production costs and low stock levels in the country.

Local rebar producers will announce new prices around December 20 and expectations are for an increase of $20-30 per tonne...


Serife Durmus

December 17, 2019

15:24 GMT