GULF STEEL BILLET, REBAR: Market silent, buyers wait for new local prices

September 22, 2021 / www.metalbulletin.com / Article Link

The market for steel rebar and billet in the United Arab Emirates was silent in the week to September 21 because buyers were waiting for new local rebar prices to be announced, sources told Fastmarkets.

Most market participants expect prices to follow the global downtrend.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $700-710 per tonne on September 20, falling from $705-720 per tonne on September 6.
New local rebar prices are likely to be announced soon, sources said.

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok