UAE: Emirates Steel hikes rebar offers by $25/t m-o-m for Jan'24
Emirates Steel, one of the leading steel producers in the UAE, has increased rebar offers by around $25/t (AED 92/t) m-o-m for Jan'24 deliveries. Revised offers stood at $735/t exw (AED 2,699/t) compared to $710/t exw (AED 2,607/t) last month and $734/t CPT Dubai (AED 2,695/t). Improvement in demand owing to the higher activity in construction sector has resulted in an increase in offers by the company.