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

The price of steel rebar and billet imported to the United Arab Emirates fell this week on limited demand, sources said on Tuesday September 29.

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, while Conares Steel is offering rebar at 1,935.27 dirhams ($526.8) per tonne ex-works for orders to be produced in October.
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Published

Serife Durmus

September 29, 2020

15:04 GMT

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