GULF STEEL BILLET, REBAR: Demand stalled in hope of rebar price cuts

Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.

Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.
Buyers expected prices to hold steady or go down because of weak demand.
Domestic rebar

The country’s steel producers have been offering rebar at...


Serife Durmus

February 16, 2021

14:55 GMT