06
Feb
14:04
Saudi tier-three mills struggle to issue rebar quotes
Most tier-three mills in Saudi Arabia are struggling with issuing rebar quotes amid high billet costs, following February-delivery price reductions by tier-two mills and the benchmark mill.
With domestic scrap prices rising despite rebar quotes falling in February, some tier-three mills have adopted a wait-and-see policy, Kallanish notes.
Last week, the benchmark mill reduced 12-32mm diameter rebar by SAR 150/tonne ($40) on January to SAR 2,500/t delive…
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Anonymous
Very good overview of the weekly steel market.
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