07
Mar
15:31
Saudi mills eye billet exports, prices hurt re-rollers
Some large Saudi Arabian steelmakers have stopped offering billet locally as they aim to sell at higher prices abroad amid the surging global market uptrend.
Some small rebar producers have stopped sales, while others are not accepting extra quantities of rebar orders that are above pre-agreed quotas, Kallanish understands.
“Domestic rebar market momentum is good but rebar sales prices at SAR 2,800/tonne [$746] delivered, which is the benchmark set by large…
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Anonymous
Very good overview of the weekly steel market.
Anonymous