UAE billet import prices increase but rebar prices stable

Steel billet import prices into the United Arab Emirates increased during the week ending Tuesday November 23, while prices for rebar remained stable after a price announcement by the country’s biggest steel producer, sources have told Fastmarkets.

Emirates Steel, the biggest producer in the UAE, kept its rebar price unchanged at 2,490 dirhams ($678) per tonne ex-works, the company announced on November 22.
Domestic rebar

Local rebar mills have not changed their prices since October 24. The re-rollers in the UAE were expected to announce their new prices...

Published

Serife Durmus

November 23, 2021

18:05 GMT

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