Prices for imported steel rebar in the United Arab Emirates and Saudi Arabia decreased this week, while billet import prices were stable, sources told Metal Bulletin on Tuesday April 17.
Demand for imported rebar in both the UAE and Saudi Arabia remained weak, however.Domestic rebarThe major rebar producers in the UAE announced their current prices on March 26.The biggest steel producer, Emirates Steel, is offering rebar at 2,412 dirhams ($657) per tonne ex-works for April production, and compatriot producer Conares Steel is offering...