GULF STEEL BILLET, REBAR: Rebar prices stable, billet import assessments increase on globally high prices

Domestic and imported rebar prices were stable in the United Arab Emirates during the week to Tuesday August 3, while imported billet prices increased because of globally strong billet prices, sources told Fastmarkets.

Fastmarkets’ weekly assessment for steel billet export, fob main port India  was $645-650 per tonne fob on Friday July 30, rising from $630-635 per tonne on July 23. Domestic rebar Local rebar producers were offering the product at 2,883-2,959 dirhams ($785-805) per...


Serife Durmus

August 03, 2021

16:20 GMT