Prices for steel rebar and billet imports into the United Arab Emirates increased during the week ended Tuesday November 9, although offer prices for billet were higher than the rebar deal prices because of a shortage of the semi-finished material, sources have told Fastmarkets.
The reason for the high billet price, compared with rebar, was that most billet producers in Oman have sold large quantities of the material to China recently and there was a shortage for the time being.Emirates Steel has...