GULF STEEL BILLET, REBAR: Rebar prices move, demand moderate

Domestic and import prices for steel rebar in the United Arab Emirates changed over the past week, while demand was moderate because buyers wanted to wait for the direction of prices after China returns from the Lunar New Year holiday, market sources said on Tuesday January 28.

The Chinese New Year holiday break began on January 25 and will end on February 2 after the Chinese government ordered an extension to the holiday period - originally due to end on January 30 - amid the outbreak of the coronavirus from Wuhan.

Local rebar producers in the...


Serife Durmus

January 28, 2020

14:55 GMT