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Rebar prices in the retail segment in Kuwait are leaving stockists with almost no margin. After deducting transportation, stocking and administration costs, every tonne of rebar sales causes some losses. Rebar imports from United Arab Emirates have stopped, Kallanish learns. The largest domestic rebar producer has set its November-delivery 8-40mm diameter rebar price at KD 190/tonne ($614) ex-mill on letter-of-credit at sight basis. Traders are…
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