29
Jun
09:33
Saudi rebar prices slide as expected
Saudi Arabia's largest steel producer and market maker, Saudi Iron & Steel Company (Hadeed), has reduced its domestic market 12-32mm rebar and 9mm+ wire rod prices by SAR 200-250/tonne ($53-67) on-month for July deliveries, Kallanish learns.
The degree of adjustment is as expected (see Kallanish 21 June newsletter).
Prices for rebar of 16-32mm diameter have been reduced SAR 200/t to net SAR 2,800/t ($746.6), while 12-14mm dia rebar is down …
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Anonymous
Very good overview of the weekly steel market.
Anonymous