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Traders in United Arab Emirates had still not received February-rolling rebar prices from most local mills or Oman’s Jindal Shadeed by 5pm local time on Monday, benchmark mill Emirates Steel Arkan (ESA)’s deadline for receiving February-delivery orders. Last Friday, ESA increased February-rolling rebar quotes by AED 73,5/tonne ($20) on January, which many sector participants expected (see Kallanish 23 January newsletter). Trade…
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