The prices for imported rebar in the United Arab Emirates and Saudi Arabia increased this week with higher offers, but demand for imports was still very low, sources told Metal Bulletin on Tuesday March 13.
Demand for locally produced rebar in the UAE, however, remained strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production late in February.Metal Bulletin's weekly price assessment for domestic rebar in the UAE was unchanged at 2,332-2,340 dirhams ($635-637) per tonne ex-works on Tuesday.Rebar producers in the UAE normally announce their new prices close to the end...