GULF STEEL BILLET, REBAR: Rising raw materials costs push up billet prices, rebar to follow soon

Domestic rebar prices in the United Arab Emirates remained unchanged over the past week, but are expected to increase soon in the wake of rising steel billet and scrap prices, sources said on Tuesday December 10.

Billet imports
Fastmarkets' weekly price assessment for steel billet, import, cfr Jebel Ali, UAE, was $445-460 per tonne on December 10, up from $425-435 per tonne last week.

One UAE customer said it has booked billet from India at $445 per tonne...

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