GULF STEEL BILLET, REBAR: Prices drop again on weak buyer appetite

March 04, 2020 / www.metalbulletin.com / Article Link

The prices for steel rebar and billet in the United Arab Emirates fell over the past week and demand continues to be weak, market sources said on Tuesday March 3.

Local UAE rebar producers announced new monthly domestic prices on February 25.
Emirates Steel is offering rebar at 1,897 dirhams ($516) per tonne ex-works, down from the previous 1,951 dirhams per tonne ex-works.

Suppliers have reduced their offer prices to stir up interest in a weak...

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