13
Sep
14:07
GCC market subdued, mills turn to billet exports
Saudi Arabian steel market activity has begun the week unchanged from last week, with demand moderate, Kallanish notes.
Hadeed’s 12-32mm rebar and 7mm+ wire rod prices remain unchanged on-week at SAR 3,100/tonne ($826.6) and SAR 3,300/t ($880) respectively delivered in the country.
However, the producer is offering a discount of SAR 200/t ($53) for rebar and wire rod for September deliveries, for quantities exceeding 50% of the monthly purchase quota agreed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous