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The benchmark mill in United Arab Emirates has changed its sales strategy in 2023 to expand its share in the domestic market, offering an opportunity to memorandum of understanding-signed customers for a second round of booking, Kallanish notes. On 5 February, the mill offered a limited quantity of rebar at so-called “project pricing” to its MoU customers, who booked 100% of their pre-agreed quotas for February. In this way, the mill sold nearly 3…
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