07
Feb
09:20
Saudi rebar demand powers ahead amid billet shortage
Rebar market momentum in Saudi Arabia is strong in comparison to other Gulf Cooperation Council countries, with 12-40mm diameter rebar prices at SAR 2,650-2,800/tonne ($706-746) delivered within the country, Kallanish notes.
Domestic mill Al Yamamah is quoting rebar at SAR 2,780-2,800/t to its regular customers only. Hadeed and Rajhi Steel are each invoicing at SAR 2,750/t, Al Ittefaq at SAR 2,720-2,730/t and Watania at SAR 2,735-2,750/t. Oman-based Jindal Shadeed…
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Anonymous
Very good overview of the weekly steel market.
Anonymous