UAE rebar, billet prices decrease slightly on discounts by mills

Rebar and billet prices decreased slightly in the United Arab Emirates because some mills discounted their prices, sources told Fastmarkets on Tuesday November 2.

Demand for rebar has improved week on week because prices have now been announced, sources added.
Domestic rebar
Local rebar mills announced new prices on October 24.
Emirates Steel has been offering rebar at 2,490 dirhams ($678) per tonne ex-works since October 24, rising from 2,406 dirhams per tonne ex-works.

Re-rollers...

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades

Another Kazatomprom guidance announcement shakes uranium price

Major monetary drivers still supporting gold