The domestic price for rebar in the United Arab Emirates fell this week on continued moderate demand, sources told Fastmarkets on Tuesday January 22.
Domestic rebarLocal rebar producers in the UAE announced reduced prices for material due to be shipped in February on January 21. The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, down from the 1,899 dirhams ($517) per tonne for January shipping.Conares Steel was offering rebar at 1,835 dirhams per tonne ex-works for February shipping, down from 1,888...