18
Oct
14:50
Strong demand supports Saudi Arabia, Egypt rebar prices
Saudi Arabia has started the week with strong demand in the rebar market, Kallanish notes.
Retail prices are going up in line with contractors' demand, clarification in the implementation of the new building code, long steel output curbs in Europe, rising scrap prices, and coal shortages in India, which have altogether prompted longs prices to jump.
“Everybody is aware within hours of the new developments and updates their position daily if not weekly,&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous