In the Kuwaiti
rebar market, where efforts to increase production capacities have still continued, producers' offers are standing at KWD 190-195/mt ($675-692/mt) ex-works, on theoretical weight basis, but the prices are expected to decline in the coming period.
On the other hand, Turkish steel mills'
rebar offers to the region are at $610-620/mt CFR for March shipment and ex-
Turkey rebar deals are expected to be concluded.
In addition,
rebar offers from mills in
Qatar to
Kuwait are at QAR 2,400/mt ($659/mt) CFR on theoretical weight basis.
KWD 1 = $3.55
$1 = QAR 3.64