SteelOrbis has heard that in this week's Kuwaiti domestic
rebar market medium size
rebar offers have remained at the price range of KWD 218-220/mt ($798-805/mt) ex-warehouse, including taxes, on theoretical weight basis.
Rebar demand in
Kuwait is still sluggish following the Ramadan holiday and the market is expected to gain further clarity next week.
Turkish mills'
rebar offers to
Kuwait this week are still at $730-740/mt CFR, on theoretical weight basis. Kuwaiti
rebar buyers have not switched to buying yet and they prefer to watch the global market trends following the holidays.
KWD 1 = $3.66