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12 Jul

Saudi billet producers experience cost, sales price dilemma

Saudi Arabian merchant billet producers are squeezed between suppliers, scrap dealers, and their rebar re-roller customers. The billet producers’ clients, tier-three rebar re-rollers, can sell rebar against cash payment at around SAR 1,960-2,000/tonne ($523-533). Conversely, they are being offered local induction furnace-route billet at SAR 1,900-1,920/t ex-mill payable by LC at sight. The conversion cost from billet to rebar is calculated at SAR 125-150/t b…
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Burak Odabasi  |  Turkey
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