Most of the prices for rebar and billet in the United Arab Emirates and Saudi Arabia were stable this week while imports were silent, sources told Metal Bulletin on Tuesday January 30.
Demand for local rebar, meanwhile, was strong in the UAE. Domestic rebar Major local rebar producers in the UAE announced new prices on January 16. The country's biggest producer, Emirates Steel, is offering rebar at 2,340 dirhams ($637) per tonne ex-works, and rebar from Conares Steel is on offer at 2,332 dirhams per tonne ex-works, for February and March deliveries. Metal...