25
Oct
14:18
Uncertainty subdues Saudi Arabia, Egypt rebar markets
Saudi Arabia has started the week with uncertainty in the rebar market and lack of rebar supply, Kallanish notes.
Next week, largest producer Hadeed is expected to announce its November-delivery rebar and wire rod prices. Its price policy is unpredictable for most of its rivals, which is making them adopt a wait-and-see policy.
“You can see different prices for the same specification rebar in the same week,” a local participant says, referring to cert…
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Anonymous
Very good overview of the weekly steel market.
Anonymous