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21 Aug
15:46

Bahrain rebar retail prices touch bottom

Rebar retail prices in Bahrain have touched almost bottom during the weakest month of the year, August. In September, once schools open and business activity returns to a regular routine, traders and rebar producers expect demand to increase and are hoping price surge, Kallanish notes. This week, rebar retail prices are recorded at BD 240-241/tonne ($638-641) delivered on minimum 60 days credit. The Qatari major could not bag its desired rebar orders at $620/t (BD…
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