GULF STEEL BILLET, REBAR: Import prices rise, demand weak

The cost of imported steel rebar and billet in the United Arab Emirates increased this week, following on from last week's rise in the price of local rebar, sources told Fastmarkets on Tuesday September 22.

Domestic rebar

Since September 15, the country’s biggest producer, Emirates Steel, has been offering rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October and Conares Steel has been offering rebar at 1,935.27 dirhams ($526.8) per tonne ex-works for October production.


Serife Durmus

September 22, 2020

15:12 GMT