GULF STEEL BILLET, REBAR: Domestic rebar price inches down, import values stable

The domestic United Arab Emirates rebar price broke the steady streak held since mid-September this week after the low end of the range fell on weak demand, sources said on Tuesday October 13.

Domestic rebar
The country’s biggest steel producer, Emirates Steel, continued to offer rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, stable since September 15.
Fellow steelmaker Conares Steel also continued to offer rebar at 1,935.27 dirhams per tonne under the same terms.

But market participants said demand is not very strong...


Cem Turken

October 13, 2020

15:58 GMT