02
Nov
13:23
Ittefaq, Rajhi release November rebar prices
Saudi Arabia's tier-two mills, Rajhi and Al Ittefaq, published their November-delivery domestic net rebar prices at SAR 2,650/tonne ($706) and SAR 2,700/t ($720), respectively.
Al Ittefaq's price is negotiable and buyers anticipate concluding deals at SAR 2,650-2,675/t delivered, depending on the tonnage, payment and customer classification, Kallanish notes.
Al Ittefaq, Saudi’s only other major wire rod producer next to Hadeed, has se…
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Very good overview of the weekly steel market.
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