Prices for rebar in the United Arab Emirates and Saudi Arabia were stable this week while billet import prices in the UAE narrowed with a new deal, sources told Metal Bulletin on Tuesday January 23.
Demand for imported rebar, meanwhile, was still very weak in both countries because local prices were more competitive.Domestic rebarMajor local rebar producers in the UAE announced new prices on January 16.The country's biggest producer, Emirates Steel, is offering rebar at 2,340 dirhams ($637) per tonne ex-works, and rebar from Conares Steel is on offer at...