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06 Feb

Saudi rebar re-enters subdued Bahrain market

Saudi Arabian rebar has re-entered the subdued Bahrain market at a very competitive price of BD 241/tonne ($640) delivered, the lowest among imported material, including Emirati rebar at BD 245/t delivered. The latter incurs a BD 9.4/t ($25) premium for 8mm diameter, Kallanish learns from market sources. Last week, a Saudi tier-two mill concluded a deal while the Bahraini domestic re-roller was undertaking repair work and suspended production. It however…
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