21
Nov
11:15
Bahrain, Kuwait rebar demand dips, margins bottom
Rebar demand has dipped in Bahrain and Kuwait. In the retail segment, traders are unhappy due to margins which do not justify their costs, Kallanish notes.
In Kuwait, rebar in the retail market is still at KD 190-192/tonne ($602-609) delivered on a cash payment basis. The country's largest producer's domestic rebar wholesale price remains at KD 190/t ex-mill on a cash basis. Contractors are planning to conclude the financial year with good cash flow, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous