Import prices for steel rebar and billet in the United Arab Emirates have increased this week but local rebar prices fell because producers gave discounts, sources told Fastmarkets on Tuesday March 9.
The country's steel producers were offering rebar at 2,530-2,545 dirhams ($689-693) per tonne ex-works.Local demand for rebar was limited during the week, because of a lack of new projects. Rebar deals were made at 2,375-2,475 dirhams...