In the Kuwaiti domestic rebar market, medium size rebar offers have remained unchanged at the price range of KWD 210-214/mt ($756-770/mt) ex-warehouse, on theoretical weight basis.
Since there are no new construction projects in the country, domestic rebar demand has remained quiet. As SteelOrbis has recently reported, only a few export offers have been heard from Turkey to Kuwait, with Turkey's new rebar export offers to the Kuwaiti rebar market at $675-680/mt CFR. However, no transactions have been concluded at this price range. Meanwhile, local buyers still prefer to remain in wait-and-see mode.
KWD 1 = $3.60