Import prices for steel billet and rebar in the United Arab Emirates and the country's domestic offer prices for rebar have all increased over the past week, with buyers waiting for official domestic rebar prices to be announced, market sources said on Tuesday November 19.
Market participants in the UAE believed that prices would increase further because of a global rise in production costs, but noted that demand in the country was not very strong.Billet importsBillet was offered from Oman at about $440-450 per tonne cpt, up from last week's $420-425 per tonne cpt.No...