UAE: Emirates Steel raises rebar offers by $20/t m-o-m for Sep’24

Emirates Steel, one of the leading steel producers in the UAE, has increased rebar offers by around $20/t (AED 73/t) m-o-m for its Sep’24 deliveries. Revised offers are at $665/t (AED 2,442/t) exw compared to $645/t (AED 2,369/t) exw last month, sources informed. The company has decided to increase offers amid expectations of demand recovery in the region, BigMint has learnt.