Most rebar and billet prices in the United Arab Emirates and Saudi Arabia fell this week, while the import market stayed quiet, sources told Metal Bulletin on Tuesday February 6.
But strong demand for local rebar in the UAE meant that domestic prices remained firm this week. Domestic rebar The major rebar producers in the UAE announced new prices on January 16 and they have remained unchanged since then. The country's biggest producer, Emirates Steel, is offering rebar at 2,340 dirhams ($637) per tonne ex-works, while rebar from Conares Steel is...