According to market sources, Qatari steelmaker Qatar Steel has reduced its rebar offers for January production by QAR 125/mt ($34/mt) compared to its price levels for December production to QAR 1,975/mt ($543/mt) delivered. Qatar Steel has revised its prices following the significant reductions announced by UAE-based steel producer ESI in its prices on December 17.
$1 = QAR 3.64