13
Nov
15:21
Saudi rebar prices soften on demand, high inventories
Saudi traders from all categories are holding high rebar stocks, particularly the benchmark mill, amid weak demand and a cash crunch.
This week, third-tier mills have cut prices by SAR 15-25/tonne ($4-5) on-week to SAR 2,120-2,125/t ex-works on a cash basis, while a few – Watani, SNS and Jazeera – have remained at SAR 2,150-2,170/t ex-works against cash payment. Al Yamamah is offering rebar at SAR 2,180/t ex-works or SAR 2,200/t delivered to…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous