GULF STEEL BILLET, REBAR: Demand weak, import prices increase

Demand for steel rebar and billet was weak in the United Arab Emirates during the week ending Tuesday July 13 due to the coming Eid al-Adha holiday, but import prices for the products rose, sources told Fastmarkets.

The main reason behind rising import prices was global price increases.
Fastmarkets' daily steel billet index, export, fob Black Sea, CIS was $645 per tonne on July 13, rising from$623 per tonne on July 6.

Activity was reduced in the UAE in the reported week, ahead of Eid al-Adha which will start on July...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold