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22 Apr

Saudi market expects rebar price stability to prevail

The Saudi Arabian market expects no change in rebar prices next month as fundamentals remain stable. On a cash payment and delivered basis, the local benchmark mill's rebar in the wholesale market – sales between traders – is at SAR 2,280-2,290/tonne ($608-611), while in retail it is at SAR 2,300-2,350/t, notes Kallanish. In Riyadh, tier-three mills are ready to sell rebar at below SAR 2,100/t delivered against cash if they receive rebar enqu…
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