- Emirates Steel, with an annual rebar output of about 2 mnt, has raised its offers for the same by AED 110/t ($30/t) for Sep’25 deliveries after keeping them stable for six months. The company set prices at $705/t (AED 2,590/t) exw-Abu Dhabi.
- The move is expected to prompt similar adjustments by other UAE suppliers and influence GCC market sentiment.
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