GULF STEEL BILLET, REBAR: Prices stable but trading at a standstill due to Covid-19 lockdowns

April 22, 2020 / www.metalbulletin.com / Article Link

Steel billet and rebar prices in the United Arab Emirates remained unchanged over the past week, largely because of the lockdown introduced to fight the Covid-19 pandemic, market sources said on Tuesday April 21.

The UAE introduced a two-week, 24-hour lockdown on April 4 and extended it for another week starting from April 17.

Saudi Arabia, meanwhile, has been subject to a 24-hour curfew since the night of April 6, until further notice, in the cities of Riyadh, Tabuk, Dammam, Dharan and Hofuf, and in the provinces of Jeddah, Taif, Qatif and Khobar.
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