14
Mar
13:36
Saudi Arabia billet market lulls in Ramadan
Saudi Arabia's billet market has entered a lull during Ramadan as enquiries are at minimum levels. A Dammam-based integrated mill has significantly reduced its scrap purchase prices, to below scrap dealers' buying prices from the collectors, prompting scrap dealers to halt deliveries to the mill, notes Kallanish.
This week in Saudi Arabia, induction furnace-route merchant billet producers are quoting rebar grade (130mm 4sp) billet at SAR 2,040-2,065/tonne …
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Anonymous
Very good overview of the weekly steel market.
Anonymous