19
Feb
14:43
Riyadh mills cut prices on liquidity, subdued demand
Riyadh's third-tier mills have reduced rebar prices due to low demand and the need for liquidity. For volumes above 3,000-4,000 tonnes, a few mills have reduced their prices to SAR 2,110-2,115/tonne ($563-564) from SAR 2,150-2,160/t, ex-works against cash. In Dammam, however, third-tier mills are still holding their quotes at SAR 2,185-2,200/t, notes Kallanish.
The market is still muted, and the local benchmark mill's rebar is at SAR 2,280-2,300/t in the w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous