31
Oct
14:31
Saudi tier-three mills await Rajhi, Ittefaq price announcements
Major Saudi mills Rajhi and Al Ittefaq are expected to announce their November-delivery prices by 1 November. Tier-three mills will issue their quotes thereafter.
Typically, both mills announce their rebar quotes following the benchmark mill's price announcement. However, after a United Arab Emirates-based mill was granted a duty exemption and prices collapsed in China, the process was delayed, Kallanish notes.
Last Thursday, Hadeed increased November-de…
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Anonymous
Very good overview of the weekly steel market.
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