Domestic and import rebar prices in the United Arab Emirates (UAE) were mostly stable this week but weak demand pressured billet import prices lower.
Buying was weak again because of high stocks and the expectation of more price falls, sources told Fastmarkets MB on Tuesday November 27.Domestic rebarThe country's largest producer, Emirates Steel, is still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production. Conares Steel was offering rebar at 1,990 dirhams per tonne ex-works for December production.Demand for rebar was moderate in the country. Fastmarkets MB's...