06
Mar
14:41
Saudi mills face pressure from costs, low demand
Saudi Arabian tier-three mills have issued their March-rolling domestic rebar prices, with some quoting at below cost levels.
Most tier-three mills are offering rebar at SAR 2,250-2,300/tonne ($600-613) ex-works, but some are ready to sell even at SAR 2,200/t ex-works to maintain operations and avoid being labelled an inconsistent supplier in the market.
Induction furnace-route billet offers were at SAR 2,125-2,150/t ex-works mid-last week on cash basi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous