In this week's Jordanian domestic market, medium sized
rebar prices are ranging at JOD 600-610/mt ($846-860/mt) ex-works on actual weight basis, including eight percent local taxes and for 30 to 45-day deferred payment. Prices indicate a decrease of about JOD 15-20/mt ($21-28/mt) as compared to early this month.
Rebar demand in
Jordan remains decent due to continuing work on certain construction projects in the country and buyers' efforts to complete their bookings before Ramadan. In the meantime, deliveries to
Jordan are no longer affected negatively due to the strife in
Syria, after a long period during which they had been interrupted.
While no
rebar offer has been heard lately from
Turkey to
Jordan, some steel
billet transactions have been reported from
Syria to
Jordan at $610-620/mt CFR for July deliveries.
JOD 1 = $1.41