Emirates Steel, one of the leading steel producers in the UAE, has increased rebar offers by around $14/t (AED 50/t) m-o-m for its Dec’24 deliveries. Revised prices are at $709/t (AED 2,602/t) exw compared to $695/t (AED 2,553/t) exw last month, sources informed. The company decided to raise offers amid healthy domestic demand and improved financial targets in H2CY’24, BigMint has learnt.
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