GULF STEEL BILLET, REBAR: Imported rebar prices decrease, demand moderate

The prices for steel rebar imported into the United Arab Emirates have decreased in the past week, with demand being only moderate and domestic prices static, market sources said on Tuesday October 6.

Domestic rebar
The country's biggest producer, Emirates Steel, has been offering rebar since September 15 at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, while Conares Steel was offering rebar at 1,935.27 dirhams per tonne under the same terms.

General demand for long steel was moderate in the country, and deal prices were heard at prices...

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