Domestic rebar producers in the United Arab Emirates (UAE) have announced new prices for December production, although imported rebar prices remained stable over the past week.
Steel billet prices, meanwhile, were unchanged because the rebar producers in the UAE have enough stock to last for more than one month, sources told Fastmarkets on Tuesday November 20.Domestic rebarThe country's biggest producer, Emirates Steel, rolled over its rebar price of 2,016 dirhams ($549) per tonne ex-works for December production.Conares Steel was offering rebar at 1,990...