01
Jul
11:49
Hadeed raises July rebar price despite competitor reduction
Saudi Iron & Steel Company (Hadeed) has revised its prices for July shipments. Despite a major Gulf Cooperation Council competitor having just reduced its quotes, Hadeed has hiked its rebar price by SAR 100/tonne ($27) on-month to bring it in line with regional competitors, local market participants tell Kallanish.
Hadeed’s rebar is now pegged at SAR 3,100/t ($826) delivered within Saudi Arabia, while for large volumes a discount of SAR 150/t is negotiab…
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Anonymous
Very good overview of the weekly steel market.
Anonymous