GULF STEEL BILLET, REBAR: Emirates Steel decreases rebar price, buyers yet to return to the market

The biggest steel producer of the United Arab Emirates, Emirates Steel, decreased its rebar price to 2,957 dirhams ($805) per tonne ex-works for orders to be produced in August, effective Tuesday, July 27.

The company’s previous rebar price, in effect from Sunday June 27, was 3,012 dirhams per tonne ex-works.

UAE demand for steel rebar and billet was low during the week to July 27 because buyers were away for the Eid al-Adha holiday last week....


Serife Durmus

July 27, 2021

16:04 GMT