Buyers of steel rebar and billet in the United Arab Emirates preferred to wait for new construction or infrastructure projects to be announced before placing big orders because of price uncertainty, sources told Fastmarkets on Tuesday September 14.
However, no big projects have been announced recently in the region, sources added.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $700-710 per tonne on September 13, falling...