Domestic rebar producers in the UAE maintained their prices this week while the cost of rebar and billet imports edged up after buyers accepted higher offers due to low stock levels, sources told Fastmarkets on Tuesday April 30.
Domestic rebar Local rebar producers in the UAE kept their prices unchanged for May production material, with demand expected to remain poor due to the Islamic holy month of Ramadan starting early in May. The observance of Ramadan in Muslim communities and countries typically results in shorter working days and reduced demand for steel and other materials. The country's largest producer, Emirates Steel, has...