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 Jan’25 deliveries. Revised prices are at $722/t (AED 2,652/t) exw compared to $708/t (AED 2,602/t) exw last month, sources informed. The decision comes amid healthy domestic demand, supportive raw materials sentiments, and improved financial targets in H2CY’24, BigMint has learnt.
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