Rebar prices continued to decline for the second consecutive weekVisits : 221

Rebar prices continued to decline for the second consecutive week

Rebar prices continued to decline for the second week in a row, bringing the price of tons from the factory floor down to 9,650 pounds on average and dropping below 10 thousand pounds for the consumer, after the “Al-Marakbi” and “Al-Garhi” steel companies announced reducing the selling prices from the factory land between 125 and 150 pounds per ton. Khaled Al-Dajwi, Managing Director of Al Masiya Steel Reinforcement Company, said that Al-Marakbi Steel factories announced lowering their prices to reduce the value of selling tons to 9650 pounds per ton instead of 9775 pounds per ton. Final to 9,650 pounds per ton instead of 9,800 pounds per ton.