28
Dec
11:05
Saudi billet market improves slightly, awaits scrap quotes
Saudi billet market sentiment is picking up slightly following the benchmark mill’s project discount removal on rebar for January deliveries. However, most large-capacity induction furnace billet producers have stopped sales until the benchmark mill's January scrap purchasing price announcement is made, Kallanish notes.
The merchant billet producers have hiked their 150mm 4sp billet price tags by SAR 50-100/tonne ($13.3-26.6) on-week to SAR 2,100-2,…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous