Saudi longs producers have raised their prices by SAR 50-100/tonne ( $13.3-26.6/t) after the benchmark mill announced last Sunday that it would hike rebar and wire rod prices for November rolling, Kallanish notes.
The benchmark mill increased its November-delivery prices for rebar and wire rods by SAR 50/t and SAR 100/t, respectively.
The new price is SAR 2,400/tonne for all sizes of rebar and SAR 2,450/tonne for 6.5-14mm diameter wire rod. There is an SAR 50/t d…
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