Emirates Steel, one of the leading steel producers in the UAE, has increased rebars offers by $17/t (AED 62/t) m-o-m for Feb’23 deliveries, sources informed. Revised offers stand at $665/t exw (AED 2,442/t) compared to $648/t (AED 2,380/t) last month. A hike in scrap offers and rising global rebar prices have supported the price hike.
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