04
Mar
16:08
Subdued market, liquidity pressure hit Saudi third-tier mills
Jeddah- and Riyadh-based third-tier rebar producers are suffering from a subdued market, compounded by financial pressure from increased costs but simultaneously unchanged prices from the market maker. Liquidity remains a concern in the steel market. Rebar demand in Riyadh is better than in Dammam and Jeddah, notes Kallanish.
The most demanded sizes of rebar in coil and wire rod stocks are at critical levels, with some sizes even at zero stock. The benchmark …
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Anonymous
Very good overview of the weekly steel market.
Anonymous