GULF STEEL BILLET, REBAR: Uncertainty on rebar prices continues

February 10, 2021 / www.metalbulletin.com / Article Link

The uncertainty about new domestic prices for steel rebar in the United Arab Emirates continued during the week ended Tuesday February 9, with trading subdued and no imports heard, sources told Fastmarkets.

Rebar producers in the UAE were expected to announce new prices next week, most probably after the Chinese New Year holiday (February 11-17).
Importers of billet and rebar preferred to wait until then, because import prices usually follow the price changes in domestic rebar, sources added.
Domestic rebar
The country's steel producers have been offering rebar at 2,590-2,735 dirhams ($705-744) per tonne ex-works for February production since January 13.

But rebar deals were made at 2,400-2,450 dirhams per tonne...

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok