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13 Apr
12:51

No rebar vacuum risk in UAE, Hamriyah sanctioned

United Arab Emirates rebar traders see no risk that there will be a vacuum in the domestic market following United Arab Emirates-based rebar re-roller Hamriyah Steel, majority-owned by Metalloinvest, being added to the US Treasury Department Office of Foreign Assets Control (OFAC)’s Specially Designated Nationals And Blocked Persons List (SDN) announced on 12 April (see 13 April Kallanish newsletter). If Hamriyah stops production after be…
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