18
Jan
13:00
Saudi billet prices stay put despite increased costs
Saudi Arabian merchant billet producers are observing improving demand from local rebar re-rollers. However, re-rollers’ bids for billet are still unchanged despite higher domestic scrap and imported silicon manganese tags this week, leaving billet suppliers with a very low or no margin, Kallanish learns from the market sources.
Induction furnace billet producers in Dammam and Riyadh are concluding standard billet deals at SAR 2,050-2,100/tonn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous