28
Sep
13:08
Billet demand improves in Saudi Arabia
Merchant billet producers in Saudi Arabia are registering increasing demand. Following largest domestic steelmaker Hadeed’s rebar price announcement for October deliveries (see Kallanish 28 September newsletter), re-rollers have released more enquiries.
This week in Saudi Arabia, induction furnace 130/150mm 4sp billet prices across the country are pegging at SAR 2,250/tonne ($600), while 100mm billet is at SAR 2,000/t ($533) in Jedda…
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Anonymous
Very good overview of the weekly steel market.
Anonymous