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05 Jun

Bahrain, Kuwait rebar markets observe subdued activity

The Bahrain and Kuwait rebar markets are observing sluggish demand and low business activity, Kallanish notes. In Bahrain, retail prices are stable at BD 250-252/tonne ($665-670), while the local mill is quoting rebar at BD 240-243/t delivered on a 60 days credit basis subject to quantity and payment terms. Traders with more than sufficient stocks only plan to place new orders once they are confident prices will not decrease further. The major Dammam-based Saudi…
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