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04 Dec

UAE rebar price gap widens, retail not improving

In United Arab Emirates, the price differential between benchmark mill Emirates Steel and local secondary mills, including Oman's Jindal Shadeed, has exceeded AED 220/tonne ($60) after discounts are deducted from list prices. This comes as the market maker’s prices are growing faster than other suppliers. This is causing concern among traders. Rebar deals in the Northern Emirates have formed a secondary market, with prices at AED 30-40/t lower than in Ab…
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