Monday, 07 Feb 2011
According to a survey by the Department of Consumer Protection in the Ministry of Commerce and Industry which was conducted on February 1, Omani steel Majan rose at the Oman Construction Materials Company and the price per tonne reached OMR 306 from OMR 302 of two weeks ago.
The periodic survey conducted by the Department of Consumer Protection in the Ministry of Commerce and Industry in Oman includes 5 types of rabar, local Sharq Sohar and Majan and rebar imported from Qatar, UAE and Turkey.
The price of imported rebar from the UAE rose to OMR 308 from OMR 300 and that imported from Qatar rose to OMR 310 from OMR 305. The survey indicated the decline of the local rebar Sharq Sohar during the last week in the Middle East Company to OMR 310 from OMR 315 per tonne.
Prices of steel rebar imported from Turkey have fallen at Al Ansari by OMR 2 per tonne to OMR 305 from OMR 307. Rebar imported from the United Arab Emirates has also dropped to OMR 300 from OMR 302.
However, the prices of steel imported from the UAE and Qatar were stable at Bahwan at OMR 308 per tonne for the third straight week. Price of Omani steel at Bahwan has risen up by OMR 2 per tonne to OMR 310 compared to OMR 308 two weeks ago.(sourced:Zawya)
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