GULF STEEL BILLET, REBAR: Prices up; market returns from Eid al-Adha

The prices for steel rebar and billet in the United Arab Emirates increased this week, while market participants were just returning from the Eid Al-Adha holiday, which was celebrated at the end of last week, market sources said on Tuesday August 4.

Domestic rebar
The country’s rebar producers were still offering the product at 1,770-1,773 dirhams ($482-483) per tonne ex-works for orders to be produced in August.

Sources expect local producers to announce new rebar prices in two weeks time, while most market participants...


Serife Durmus

August 04, 2020

16:42 GMT