GULF STEEL BILLET, REBAR: Prices increase, demand moderate

Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, while demand was moderate, market sources said on Tuesday December 31.

Market participants in the UAE believed increases may continue if raw material prices keep increasing.
Local rebar producers announced new prices on December 19.
Billet imports

Billet was offered at $460-470 per tonne cfr, but no major deal was heard this week because of the year-end break. Buyers...


Serife Durmus

December 31, 2019

10:20 GMT