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28 Dec
09:33

Kuwait domestic rebar prices increase

Kuwait’s largest steel producer has increased its 8-40mm diameter rebar price for January deliveries by KD 10/tonne ($33) to KD 198/t ($646) ex-mill, on a cash basis, from KD 188/t announced in the last week of November, Kallanish learns. In the retail market, locally-made rebar is expected to be transacted at KD 200-201/t delivered on a cash basis.  "We have been observing an increase in semis [billet] and raw materials [scrap and …
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