18
Apr
15:52
Saudi Arabia rebar market is weak on delivery
In Saudi Arabia, the rebar market is slow due to delivery of rebar. The largest producer Hadeed holds the advantage after expanding its logistics network in 2021, to supply across the country. Rajhi dominates the rebar market in Riyadh area, whereas Al Ittefaq dominates in Dammam district, Kallanish notes.
In the retail segment, traders are quoting rebar of major producers Hadeed, Al Ittefaq and Rajhi at SAR 3,400-3,500/t ($906-933/t) delivered, depending on the t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous