GULF STEEL BILLET, REBAR: Prices decrease on global slowdown

July 07, 2021 / www.metalbulletin.com / Article Link

Steel rebar and billet prices in the United Arab Emirates decreased during the week to Tuesday July 6 due to a global slowdown, sources told Fastmarkets.

Global demand for long steel is moderate to weak, and prices are no longer increasing in Turkey, a key exporter of rebar.
Emirates Steel, the biggest producer in the UAE, decreased its official rebar price by 55 dirhams ($14.97) per tonne to 3,012 dirhams per tonne ex-works, in effect from June 27.

Rebar...

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