UAE rebar, billet prices mostly stable, demand moderate

The prices for steel rebar and billet in the United Arab Emirates were mostly unchanged during the week to Tuesday November 28, with demand only moderate, because buyers tend to avoid building inventories at the end of the year, sources told Fastmarkets.

Domestic rebar

On November 17, the UAE's biggest steelmaker, Emirates Steel Arkan, announced a price increase of 74 dirhams ($20) per tonne for rebar for orders to be produced in December....

Published

Serife Durmus

November 28, 2023

16:44 GMT

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