11
Mar
12:19
Bahrain rebar distributors ask suppliers for payment extension
Bahrain's rebar traders are asking suppliers to extend payment time from 60 to 90 or 120 days. Last week, imported rebar prices surfaced, and buyers booked almost 5,000 tonnes of rebar combined from Qatari and Saudi suppliers, Kallanish notes.
Due to long payment terms from contractors, rebar distributors are asking for payment extensions and open accounts, while rebar suppliers are ready to extend payment extensions for 30-60 days but against bank guaran…
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Anonymous
Very good overview of the weekly steel market.
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