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27 May

UAE rebar market forecasts robust sales in June

United Arab Emirates rebar retail sales in May were up 15% compared to normal months and 30% compared to April, when volumes were likely to exceed 270,000 tonnes, according to trading sources. Following the UAE benchmark mill's June-delivery rebar price announcement last week, unchanged from May's average effective quotes, other local rebar suppliers and the Omani major – known as secondary mills – are facing pressure from traders. The latter a…
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