27
Apr
13:15
Saudi Arabia's Hadeed slashes domestic wire rod quotes
Saudi Arabia's market maker, Sabic subsidiary Hadeed, has reduced its May-delivery domestic 6.5mm+ diameter wire rod quotes by SAR 150/tonne ($40) on April to SAR 2,350/t ($626) delivered within the country, from SAR 2,500/t, Kallanish learns from market sources.
Wire rod and rebar prices have thus been equalised. Hadeed announced mid-month that it had rolled over its May-delivery domestic ASTM A615 grade 60 (G60) rebar price at SAR 2,…
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Very good overview of the weekly steel market.
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