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03 Jul
11:46

Kuwait mills prepare July-rolling rebar price announcement

The Kuwait market is awaiting local July-rolling rebar prices. This week, local producers Unisteel and Al Oula are expected to announce their domestic market rebar quotes. After the long Eid holiday, the market has reopened, but sales activity could be more encouraging, Kallanish notes. Delivered rebar prices against cash or LC at sight payment in the retail market are at KD 178-181/tonne ($579-589) for locally produced material and KD 174-175/t for Saudi- and Emi…
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