16
Nov
12:36
Saudi billet market goes silent amid sliding rebar
Saudi Arabia's billet market is subdued due to relatively low rebar demand.
Induction furnace route merchant billet producers across the country have kept their prices unchanged on-week, pegging at SAR 2,175-2,200/tonne ($580-586) ex-works or delivered within the same city, Kallanish learns.
Tier-three mills have lowered their rebar quotes in Jeddah to SAR 2,450/t ($653) and in Riyadh to SAR 2,500/t ($666) but are still receiving no interest from traders…
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Anonymous
Very good overview of the weekly steel market.
Anonymous