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20 Jul
13:33

Emirates Steel maintains August-delivery rebar quotes, avoids volatility

United Arab Emirates' market maker, fully integrated long steelmaker Emirates Steel (ES), has expectedly rolled over its August-rolling domestic rebar (BS4449:2005 grade GR500B) quotes from July. This represents a second consecutive month of rollover. "Notwithstanding the recent fall in raw materials, considering strong local demand, and to avoid unnecessary volatility and keep cementing our relationship with our traders, we decided to roll over our …
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