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19 Sep
14:54

Oman rebar retail prices increase, sentiment optimistic

Oman rebar demand and prices have improved slightly, meaning market sentiment is better than in August. This week in the retail segment, rebar prices are at OMR 230-235/tonne ($598-611) delivered, whereas mills are offering at OMR 5-10/t below retail prices on an ex-works basis, Kallanish notes. The OS35 ship that sunk last month in Gibraltar was carrying 30,000 tonnes of rebar shipped by Jindal Shadeed and destined for Germany. Shadeed is heard to…
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