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26 Sep
16:56

Saudi rebar gathers momentum, price rise anticipated

Saudi Arabia's rebar market is witnessing good momentum and waiting for market maker Hadeed to announce October-delivery rebar prices. Some buyers are concerned about a possible wire rod shortage in October, with mills expected to focus more on rebar and hot rolled coil production, Kallanish learns. During the second Saudi International Iron & Steel Conference held in Riyadh earlier this month, most steel sector participants had the impression Hadeed …
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