Rebar, billet import markets slow in UAE, buyers await new local prices

The markets for steel billet and rebar in the United Arab Emirates were slow during the week ending Tuesday March 14, with buyers waiting for new domestic rebar prices to be announced, market sources have told Fastmarkets.

Rebar producers in the UAE normally announce their new prices around the 20th of each month, and then give discounts to buyers of about 70-80 dirhams ($19-22) per tonne.

Emirates...

Published

Serife Durmus

March 14, 2023

14:50 GMT

Bursa