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31 Aug
09:41

Kuwait domestic rebar prices fall sharply

Kuwait's largest rebar producer has dropped its rebar price for September deliveries across all sizes (8-40mm) to KD 200/tonne ($649) ex-mill, from August quotes of KD 220/t ex-mill. This is to compete against imported material mainly from United Arab Emirates, Kallanish learns. "The market is dull, and in a falling market, traders were aiming to deplete their stocks in August. Now, traders and stockists are expected to conclude some deals to replenish th…
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