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08 May

Saudi major dominates imported rebar market in Bahrain

The Dammam-based Saudi major has dominated Bahrain’s rebar import market in May, concluding a combined sales volume of 7,000-10,000 tonnes at $640/tonne (BD 241) delivered in Bahrain on a 60 days credit basis, Kallanish notes. For May deliveries, mills in United Arab Emirates offered rebar at $654-667/t delivered in Bahrain on a 60 days credit basis, while the Omani major quoted at $654/t on a letter-of-credit at-sight basis. On the other hand…
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