19
Jun
15:45
Kuwait traders sell rebar at cost
Rebar quotes in Kuwait’s retail market remain almost unprofitable due to the stiff competition between traders.
"Some traders are inexplicably selling rebar at cost," a buy-side source tells Kallanish.
This week in Kuwait, imported rebar is offered at KD 177-178/tonne ($576-580) delivered to buyer's yard on a cash basis. Sourcing cost is KD 173-175/t. Sales tags thus leave no margin after deducting transportation, stocking, and hand…
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Anonymous
Very good overview of the weekly steel market.
Anonymous