17
Aug
16:02
Hadeed’s early rebar price announcement puzzles market
Saudi Iron & Steel Company (Hadeed) has announced its September-delivery prices for rebar and wire rod unexpectedly earlier than usual. 12-32mm rebar and wire rod prices remain unchanged at SAR 3,100/tonne ($826.6) and SAR 3,300/t ($880). However, the SAR 200/t ($53) project discount given for fulfilling the given monthly quota has been withdrawn.
There is confusion over why Hadeed announced September prices in the middle of August, amid a downturn in iron ore…
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Anonymous
Very good overview of the weekly steel market.
Anonymous