Emirates Steel, one of the UAE’s leading steel producers, has reduced its rebar offers by $35/t (AED 129/t) m-o-m for October deliveries, sources informed. The revised offers stand at $605/t exw (AED 2,222/t) compared to $640/t (AED 2,351/t) exw last month. Sluggish demand in both domestic and exports markets has resulted in lowering of offers by the company, SteelMint understands.
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