03
Jan
14:59
Saudi Arabia rebar market momentum remains steady
Saudi Arabian rebar market momentum is steady at a good pace. Mills are receiving orders, but domestic 130-150mm 3sp grade billet prices of SAR 2,350/tonne ($626) ex-works are wiping out re-rollers’ profit margins, notes Kallanish.
Mills are quoting 12-32mm rebar at SAR 2,700-2,750/t, whereas one major mill is selling at SAR 2,600/t. The country’s largest integrated mill, market maker Hadeed, meanwhile announced last week its rebar price at SAR 2,750/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous