Emirates Steel, one of the leading steel producers in the UAE, has increased rebar offers by $25/t (AED 92/t) m-o-m for Mar’23 deliveries, sources informed. Revised offers stand at $690/t exw (AED 2,534/t) compared to $665/t (AED 2,442/t) last month. Improvement in steel demand in the region has supported the price hike, SteelMint noted.
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