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10 Jun

Saudi market faces certain wire rod size shortage

The Saudi Arabian benchmark mill's supply of wire rod, particularly for 11mm diameter, is tight, and wholesale prices – between traders – have risen to SAR 2,450/tonne ($653.3) delivered against cash, Kallanish learns from market sources. Due to quality preferences, wire rod buyers prefer the benchmark mill's wire rod and are reluctant to seek alternatives in the domestic market. Solb Steel in Jazan is about to restart rebar production, with wi…
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