Import prices for rebar and billet in the United Arab Emirates (UAE) went down this week due to the weak demand caused by high stocks levels, sources told Fastmarkets on Tuesday December 11.
Domestic rebarThe country's largest producer, Emirates Steel, was still offering rebar at 2,016 dirhams ($549) per tonne ex-works for December production, while Conares Steel was offering rebar at 1,990 dirhams per tonne on the same basis.Although, some sources believed that lower prices were available in the domestic market."A lot of UAE...