Saudi Arabian rebar quotes in both retail and wholesale markets are trending higher in anticipation of the following month's rebar price hike. This is expected to be announced this week by the market setter, the Jubail-based benchmark mill.
Increased export orders for small-diameter rebar, which is highly demanded in the local market, are raising concerns about a shortage risk for this product in September. Rebar in coil supply is already insufficient. The ben…
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