سه شنبه, ۱ آبان , ۱۴۰۳ 19 ربيع ثاني 1446 Tuesday, 22 October , 2024 ساعت ×
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    UAE rebar and billet import markets slow

    شناسه : 2472 15 تیر 1396 - 19:45

    The rebar and billet import markets in the UAE were slow this week, as market participants preferred to wait for new domestic rebar prices.

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    Turkey was offering rebar to the UAE at $440-445 per tonne cfr on a theoretical weight basis, with buyers bidding $425-430 per tonne cfr. Metal Bulletin’s weekly price assessment for UAE rebar imports was $430-440 per tonne cfr on a theoretical weight basis on Tuesday, July 4, down from $440-443 per tonne cfr. The billet import market in the UAE was also weak, with offers from Iran coming in at $395-400 per tonne cfr. The weekly price assessment for UAE billet imports was unchanged at $395-400 per tonne cfr on Tuesday. Local rebar producers in the UAE did not announce any new prices this week, leaving Metal Bulletin’s price assessment for UAE domestic rebar unchanged at 1,720-1,775 dirhams ($468-483) per tonne ex-works on Tuesday. But market participants said they expect to see an increase of 50-100 dirhams ($14-27) per tonne soon.

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