13
Sep
14:42
Riyadh billet buyers seek alternatives amid shortage
Riyadh, in central Saudi Arabia, the most significant billet-consuming part of the country, is experiencing a shortage of the semi-finished steel. Buyers – rebar re-rollers – have turned to sourcing from Dammam or Jeddah, learns Kallanish.
This week, billet buyers in Riyadh received offers at SAR 1,970-2,000/tonne ($525-533) delivered after an increase of SAR 25-50/t ($6.6-13.3) on-week. In Dammam and Jeddah, merchant billet producers are sti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous