13
Feb
14:51
Saudi mills stop offering rebar on high costs
Saudi Arabian rebar producers have advanced maintenance shutdowns or are telling customers they are conducting maintenance as justification for halting rebar offers. Some are quoting unworkably high prices. This follows an increase in scrap feedstock values in contrast to reduced rebar sales prices in February, Kallanish notes.
This week in the retail market, the benchmark mill's rebar is being transacted at SAR 2,450-2,500/tonne, with the lower end being for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous