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22 Mar

UAE rebar mills maintain prices amid weak demand

Abu Dhabi-based Emirates Steel (ESI) has rolled its rebar price over from the previous month at AED 2,535/tonne ($690) ex-works for April deliveries, Kallanish notes. Rebar demand remains subdued in United Arab Emirates, however, and there are few prospects for short-term improvement, given that Ramadan is next month and is followed almost immediately by the construction summer slowdown season. “The prospects look bleak,” says one Dubai-based trader w…
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Adam Smith  |  Poland
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