04
Oct
12:31
GCC rebar activity rises, re-rollers’ margin struggle continues
Gulf Cooperation Council domestic rebar market activity is beginning to pick up after buyers digested last week’s price reductions, which initially silenced the market.
Abu Dhabi-based Emirates Steel and Saudi Arabia’s Hadeed reduced October-delivery prices to their respective domestic markets significantly (see Kallanish passim).
Hadeed reduced its rebar and wire rod prices each by SAR 400/tonne ($106.6) for the domestic market. Its 12-32mm rebar and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous