Emirates Steel, one of the leading steel producers in the UAE, has increased rebars offers by $35/t (AED 128/t) m-o-m for Apr’23 deliveries, sources informed. Revised offers stand at $725/t exw (AED 2,663/t) compared to $665/t (AED 2,534/t) last month. The recovery in global steel and raw material prices has supported the price hike, SteelMint noted.
Leave a Reply