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06 Dec

Emirates Steel skips project, spot sales in December

Emirates Steel (ESI), the market maker in the United Arab Emirates, has decided not to offer additional quantities of rebar for December under the “spot sales” and “project sales” schemes, Kallanish learns. The company continues to deliver rebar quantities ordered in November, indicating that its production line is fully booked. Some of UAE’s secondary mills have yet to meet their monthly rebar sales targets, resisting counterof…
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