According to market sources, Qatari steelmaker
Qatar Steel has increased its
rebar offers for December production by QAR 80/mt ($22/mt) compared to its price levels for November production to QAR 1,480/mt ($407/mt) ex-works. Market sources state that the rise in
Qatar Steel's
rebar prices is higher than expected as a reflection of very lively demand conditions and due to the lack of pressure on the
Qatar-based producer to conclude sales.
$1 = QAR 3.64