Saudi Arabia's rebar market has not improved, even though stockists and traders do not have large stocks. End-users and traders are buying small quantities, aiming to carry as little stock as possible to avoid being caught out if prices drop. Some mills started to offer SAR 30-50/tonne ($8-13) discounts on their announced quotes for firm bids, Kallanish learns.
At end-July, Hadeed reduced its rebar price by SAR 100/t ($26.6) and set the net price for…
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