Import prices for steel billet and rebar in the United Arab Emirates fell this week because of soft demand, and rebar prices were also expected to decline, sources said on Tuesday September 24.
Market participants expected that new domestic rebar prices would be announced in the near future, Fastmarkets heard.Billet importsBillet was on offer from Oman at about $405-410 per tonne cpt, and $390 per tonne cfr from India, but no significant transactions have been heard over the past week.Fastmarkets' weekly...