31
Jan
09:17
Saudi’s Hadeed reduces rebar quotes against the trend
Saudi Arabia's largest steel producer and market maker, Hadeed, has gone against the prevailing trend by reducing February-rolling finished long product prices by SAR 150/tonne ($40) on January quotes.
Sector participants were not expecting the price reduction, which has made longs importers concerned about their previously booked imports to be delivered from February onwards, Kallanish observes.
Hadeed, perceived as the sole tier-one mill in the kingdom…
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Anonymous
Very good overview of the weekly steel market.
Anonymous