The import prices for steel billet and rebar in the United Arab Emirates increased this week on higher offers, but domestic prices were unchanged week on week, sources told Fastmarkets on Tuesday February 5.
Domestic rebarLocal rebar producers in the UAE announced reduced their prices on January 21 for material to be shipped in February.The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, while Conares Steel was offering rebar at 1,835 dirhams per tonne ex-works, for February shipping.Hamriyah Steel was offering the product at 1,840 dirhams per tonne ex-works.Given these...