Import prices for steel billet in the United Arab Emirates fell this week because of weak demand, and rebar prices were also expected to decline, sources said on Tuesday September 17.
Market participants expect new domestic rebar prices to be announced in the near future, Fastmarkets understands. Billet imports Billet was on offer from Oman at about $405-410 per tonne cpt, but no significant transactions have been heard over the past week. Fastmarkets' weekly price assessment...