Steel billet and rebar prices in the United Arab Emirates had mixed fortunes in the seven days to Tuesday May 19, with demand limited by Ramadan and Covid-19 restrictions, market sources told Fastmarkets.
Market participants in the UAE said that demand was unlikely to improve before the end of Ramadan in late May.Market sources in the Gulf Co-operation Council (GCC) region said that steel consumption and trade in the region had fallen by more than 50%...