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21 Aug

Saudi rebar market voices optimism for September

The Saudi Arabian rebar market is optimistic and expects September-delivery effective rebar prices to increase slightly. Neom has awarded the Jubail-based benchmark mill supply of ASTM A 615 Grade 80 rebar for September delivery, for 60,000 tonnes of 32mm and 36mm (majority) diameter. In August, the same buyer awarded the Dammam-based tier-two mill for 40,000t of rebar of all sizes. Both mills sell a large portion of rebar for export to Iraq, Kuwait, Bahrain and …
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