Domestic rebar prices in the United Arab Emirates have gone down over the past week amid concerns about the spread of the 2019-nCoV coronavirus outbreak, sources said on Tuesday March 17.
Local rebar producers announced new monthly domestic prices on February 25. Emirates Steel was offering rebar at 1,897 dirhams ($516) per tonne ex-works last week, but the company lowered its price once again this week to 1,853 dirhams per tonne ex-works, sources said."Emirates Steel dropped its price again to 1,853 dirhams [per tonne], but deals from re-rollers...