17
Jan
15:15
Saudi rebar market remains steady despite supply gap
Saudi Arabia’s rebar market remains in balance, following last week’s SAR 25-50/tonne ($6.66-13.33) downward price correction by major mills after largest steelmaker Hadeed upped supply, Kallanish notes.
The monthly 30,000-35,000-tonne of rebar supplied by an Oman mill has not been allocated to Saudi in January since the mill is booked with export orders. The price of SAR 2,600-2,650/t ($693-706) cpt Riyadh and eastern provinces cannot be matched by an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous