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06 Jun

Saudi-origin rebar deal ‘spoils’ Kuwait market

A Saudi Arabian primary mill's rebar export to Kuwait at a discounted rate has spoiled the Kuwait domestic market, sources tell Kallanish. A trading company in Kuwait booked Grade 60 rebar from a major Saudi east coast mill at KD 175/tonne ($569) delivered to its yard in Kuwait for a 10,000-tonne parcel, to be shipped promptly. In May, Saudi and Emirati rebar was booked by Kuwaiti trading companies at around KD 180/t delivered to Kuwait, and was then offered …
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Burak Odabasi  |  Turkey
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