01
Dec
09:22
Hadeed hikes scrap purchase price despite rebar rollover
Saudi Arabia's market maker and largest fully integrated long and flat producer, Hadeed, has raised its scrap buying prices for December by SAR 100/tonne ($26.6) from November, despite rolling over rebar and wire rod sales prices for December deliveries, Kallanish notes.
Located on the eastern coast, the Jubail-based mill notified scrap suppliers of its new domestic scrap purchasing prices at SAR 1,120/t ($299/t) for light scrap, SAR 1,600…
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Anonymous
Very good overview of the weekly steel market.
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