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UAE down steel rebar price to fight Turkey 

Turkey deformed steel bar export prices may boom after Lesser Bairam, but this didn’t come at last week when steel rebar market was still at low spirit influenced by weak oversea market. Last week, Emirates Steel, a major steel producer in UAE, slashed its deformed steel bar price from1,750UAE dirhams to 1,422UAE dirhams ($387), to competing with Turkish prices.


Currently, Turkey exports to the United States is maintain stable, with most orders are transacted below $400/mt CIF Houston. But, there are already Turkish steel mills who have accepted lower price $390/mt. Now, Turkish steel rebar supplier gives a exports price of FOB375/mt, down $2.5/mt from last week.

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