Prices for domestic and imported rebar in the United Arab Emirates decreased on Tuesday July 31, with demand limited for seasonal reasons, sources told Metal Bulletin.
Domestic rebar producers announced reduced prices last week, while import prices for rebar also fell.Domestic rebarThe biggest steel producer in the country, Emirates Steel, is offering rebar at 2,178 dirhams ($593) per tonne ex-works, down from 2,295 dirhams per tonne.Compatriot producer Conares Steel is offering rebar at 2,172 dirhams per tonne ex-works, down from...