GULF STEEL BILLET, REBAR: Market slow while buyers wait for new prices

The steel rebar and billet market in the United Arab Emirates was slow because buyers are waiting for new local rebar prices to be announced, sources told Fastmarkets on Tuesday June 22.

Local rebar producers should announce their new prices soon, sources said.
Some market participants expect prices to roll over, while other expect discounts due to weak global prices.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey was $730-765 per tonne on June 17, widening from $745-760 per tonne on...

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