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26 Dec
15:34

Emirates Steel pricing strategy puzzles UAE rebar market

United Arab Emirates' largest producer and market maker, Emirates Steel Arkan (ESA), has imposed a new sales strategy in the domestic market for 2023. This has confused the other rebar producers as well as buyers, meaning mills were yet to issue their January-delivery rebar prices by deadline on Monday, three days after ESA’s price announcement, Kallanish learns. The benchmark mill changed its delivery terms from ex-mill to delivered within the country&n…
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