08
Jan
14:59
Saudi rebar quotes between traders increase
Wholesale rebar prices from the Saudi Arabian benchmark mill are rising following the removal of the project discount in January. All traders now book at a single price of SAR 2,325/tonne ($620) delivered on credit secured by a bank guarantee or LC.
This week, traders are offering the benchmark mill's rebar in the wholesale market (between traders) against cash at SAR 2,280-2,300/t ex-works or delivered within the same city, compared with last week's…
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Anonymous
Very good overview of the weekly steel market.
Anonymous