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18 Mar

Bahrain market anticipates domestic rebar prices to fall

Bahrain's new rebar rolling mill, Manama Steel, a subsidiary of Oman's Muscat Steel, has informed traders it has applied to authorities for rebar approval, with a decision expected by end-March. If authorities approve Manama's application, the company will then need approval from contractors and consultants to sell its rebar for projects, which is likely to be another challenge, notes Kallanish. Traders in Bahrain are not holding much stock as they ex…
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