17
Mar
11:41
Saudi billet attracts export interest, prices under pressure
Saudi Arabian billet producers are receiving interest from buyers in Jordan and other neighbouring countries.
Egyptian buyers’ recent billet purchases at $900-910/tonne cfr Egypt have encouraged Saudi billet producers who have export licences to focus on export markets.
In the Saudi domestic market, the price gap between billet and rebar has narrowed to SAR 150-300/t ($40-80) and this is not justifiable in terms of conversion cost for re-rollers. There…
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Anonymous
Very good overview of the weekly steel market.
Anonymous