Demand remains fairly low in Kuwaiti rebar market

Kuwaiti mills' rebar offers to the domestic market are currently standing at KWD 205-210/mt ($728-746/mt) ex-works, while rebar demand in the country is still very low as construction projects in Kuwait are expected to slowdown during Ramadan. In the meantime, it is reported that Kuwaiti buyers' rebar inventories are sufficent to meet their needs, due to transactions concluded previously.
 
In the meantime, Turkish producers' rebar offers to the Kuwaiti market are standing at $630-635/mt CFR, though these offers have so far failed to attract any interest amid poor demand and expectations of lower prices.
 
KWD 1= $3.55