UAE’s leading mill, Emirates Steel has raised rebar and wire rod offers sharply for June’21. Revised offers for rebar stand at $835/t, exw, and those for wire rod are heard at $920/t, exw, SteelMint learned from sources. Rebar offers have increased by around $145/t and wire rod by around $200/t. Emirates Steel is a leading producer of rebar in the UAE, with annual production of around 2 mn t.
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