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15 May

Kuwait imported rebar prices drop in retail

The Kuwait retail segment has observed rebar prices drop by KWD 2-3/tonne ($6.5-9.7/t) on-week to KD 197-198/t ($642-645/t) delivered on a cash basis, notes Kallanish. Kuwaiti local traders booked Saudi-origin rebar delivered in May at KWD 192-193/t ($626-629). The local mill is resisting price declines, holding to its May list price of KWD 205/t ($668) loaded on the truck, letter-of-credit at sight basis. However, due to the spot price fall, local…
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Burak Odabasi  |  Turkey
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