Prices for rebar and billet imported into the United Arab Emirates have decreased over the past week, with demand only moderate although some deals were heard, sources said on Tuesday July 30.
The lower price for imports was driven by weakening raw material prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $286.65 per tonne on July 30, falling from $292.74 per tonne cfr on July 23.Domestic rebarThe UAE's largest producer, Emirates...