31
May
13:13
Saudi mills reduce rebar prices to test demand
Saudi Arabia's largest integrated mill, market maker Hadeed, has decreased its domestic rebar net prices by SAR 100-200/tonne ($26.6-53.2) and wire rod by SAR 150/t for June deliveries, Kallanish understands.
Hadeed's June-rolling rebar prices for 12-14mm diameter are set at SAR 3,100/t ($853.3) and for 16-40mm dia at SAR 3,000/t ($800), versus May quotes at SAR 3,200/t ($853) across all sizes. 9mm+ wire rod net prices have been set at …
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Anonymous
Very good overview of the weekly steel market.
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