20
Dec
14:17
Saudi domestic scrap supply grows, payments non-cash
Saudi Arabian domestic scrap supply is pleasing scrap buyers, but traders are unhappy about non-cash payments. Billet demand is rising, while buyers are wondering where rebar prices will settle for January delivery, notes Kallanish.
This week in Saudi Arabia, local induction furnace-route billet producers are offering rebar grade (grade 40) billet, on an ex-mill basis, at SAR 2,015-2,025/tonne ($537-540) in Dammam, SAR 2,000-2,040/t in Riyadh and SAR 1,960-1,980/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous