GULF STEEL BILLET, REBAR: Billet price increases, trading weak

Steel billet import prices in the United Arab Emirates increased over the past week, but demand remained weak after curfews were introduced in several Gulf Co-operation Council (GCC) countries, sources said on Tuesday April 14.

Saudi Arabia announced a 24-hour curfew in the cities of Riyadh, Tabuk, Dammam, Dharan and Hofuf, and in the provinces of Jeddah, Taif, Qatif and Khobar, commencing on the night of April 6.
The same measures were also imposed in Jeddah, Taif, Qatif and Khobar.
There was also a nightly curfew order in the United Arab Emirates.
The authorities in Dubai announced a lockdown for a period of two weeks starting on April 4, with people only allowed to leave their homes to shop for food or medicines.

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