29
Mar
14:53
Hadeed reduces rebar prices on increased lower-priced competition
Saudi Iron & Steel Company (Hadeed) has reduced its rebar prices for the domestic market by SAR 150-200/tonne ($40-53) on-month for April deliveries due to cheaper intra-Gulf Cooperation Council competition, local sources tell Kallanish.
Prices for rebar of 16-32mm diameter have been reduced SAR 150/t to SAR 2,650/t ($707), while 12-14mm dia rebar is down SAR 200/t also to SAR 2,650/t delivered nationwide. The move has erased the typical SAR 50/t gap between t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous