SteelOrbis has been informed that
rebar demand in
Jordan has maintained its weak trend of last week. In addition,
rebar demand and local
rebar prices are predicted to move downward in the coming weeks, due to the uncertain economic situation of the country and the political instability in Syria, whose ports are used to import
rebar and steel billet to
Jordan.
Currently, medium sized
rebar prices in
Jordan are standing at the price range of JOD 640-645/mt ($902-909/mt) ex-works, including eight percent VAT, on actual weight basis, for 30-day deferred payment. This price range indicates a softening of JOD 5/mt ($7/mt) as compared to last week.
JOD 1 = $1.409