Long prices on downward trend in UAE, buyers expect discount

Steel billet and rebar prices decreased in the United Arab Emirates during the week ended Tuesday December 7 and sources expect further price cuts.

Local rebar producers in the UAE are likely to announce new prices soon; most buyers expect price decreases.
Domestic rebar
Emirates Steel, the biggest producer in the UAE, kept its rebar price unchanged at 2,490 dirhams ($679) per tonne ex-works, the company announced on November 22.

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Published

Serife Durmus

December 07, 2021

18:36 GMT

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