GULF STEEL BILLET, REBAR: Import market slow on falling prices

The steel rebar and billet import market in the United Arab Emirates was slow after the country’s biggest steel producer announced reduced rebar prices, sources told Fastmarkets on Tuesday June 29.

Emirates Steel, the biggest producer in the UAE, decreased its rebar price by 55 dirhams ($14.97) per tonne to 3,012 dirhams per tonne ex-works in effect from June 27.
The new rebar price did not improve demand due to weak construction activity in the UAE.
Domestic rebar

The...

Published

Serife Durmus

June 29, 2021

15:53 GMT

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