Steel billet, rebar market in UAE still weak on hopes of further price cuts
The steel rebar and billet markets in the United Arab Emirates were still very slow during the week ending Tuesday June 21, with buyers expecting new rebar prices to move downward, sources told Fastmarkets.
Rebar producers normally announce new prices after the 20th of each month, and the new prices were expected very soon.
The most recent price change
was on May 25.