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25 Dec
13:40

Saudi's Al Yamamah raises rebar prices, tests market

Saudi rebar re-rollers and traders expect a slight increase in rebar quotes for January deliveries amid subdued demand. West coast-based Al Yamamah raised its (grade 60) rebar quote to SAR 2,250/t delivered in the western provinces against cash for transactions until the end of the month, to be reconsidered when the benchmark mill announces its new rebar quotes, notes Kallanish. The benchmark mill's cash-delivered rebar prices in the retail and wholesale segme…
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