GULF STEEL BILLET, REBAR: Prices stable, orderbooks closed

Steel rebar and billet prices in the United Arab Emirates (UAE) remained stable over this assessment week after producers closed their order books a week ago and intend to announce new prices next week or later, sources said on Tuesday December 29.

Domestic rebar
The country's steel producers sold rebar at 2,259-2,295.5 dirhams ($615-625) per tonne ex-works for orders to be produced in January last week, however, no new deals were made this week because buyers were already fully booked.

New domestic rebar prices are due to be announced before mid-January and should come...

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