05
Dec
14:27
Hadeed sweeps Saudi rebar market in December
Saudi Arabia's largest steel producer, Hadeed, a wholly owned subsidiary of petrochemical giant Sabic, has swept December domestic rebar demand amid subdued activity.
As December is the last month of the year and quarter, Hadeed's memorandum of understanding-signed customers would prefer to fulfil their pre-agreed quotas with Hadeed to receive their rebate. However, since it is year-end, buyers will keep their inventories as low as possible, meaning minimi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous