GULF STEEL BILLET, REBAR: Local rebar prices rise, import prices to follow

The prices for steel rebar in the United Arab Emirates (UAE) local market increased this week, while market sources expecting imported rebar prices to follow, Fastmarkets heard on Tuesday September 15.

Domestic rebar
The country's biggest producer Emirates Steel was offering rebar at 1,936 dirhams ($527) per tonne ex-works for October-production orders in effect from September 15, up from 1,830 dirhams per tonne ex-works.

Conares Steel is offering rebar at 1,935.27 dirhams ($526.80) per tonne ex-works for orders to be produced...

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