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07 Aug

Kuwait rebar market activity disappears, imported rebar cheaper

Kuwaiti buyers’ appetite for rebar trade has disappeared amid a dull market, low margins and very competitive, discounted rebar quotes from Saudi Arabia and United Arba Emirates, a local trader summarises. After Kuwait's benchmark mill rolled over its August-delivery 8-40mm diameter rebar price from July at KD 184/tonne ($598) loaded on truck and against cash payment, rebar retail quotes for benchmark mill material settled at KD 185-186/t.…
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