GULF STEEL BILLET, REBAR: Rebar prices stable but increases to come

June 10, 2020 / www.metalbulletin.com / Article Link

The prices for steel rebar in the United Arab Emirates remained stable over the past week, but market sources expect it to increase soon because of rising raw material prices, Fastmarkets heard on Tuesday June 9.

Fastmarkets' daily index for 62% Fe fines, cfr Qingdao was $104.60 per tonne on June 9, rising from $101.32 per tonne on June 2.

Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $251.13 per tonne on Monday June 8, rising from $248.06 per...

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