03
Mar
12:47
Saudi billet market feels pressure less than neighbours
This week’s surge in global ferrous prices is causing uncertainty and volatility in the Gulf Cooperation Council, but Saudi Arabia appears least affected.
Saudi’s billet market is nevertheless under pressure due to increased scrap prices, particularly in Eastern Province cities, Dammam and Jubail, where major billet and rebar producers are located.
Scrap traders are withholding price offers, while the country’s largest steelmaker, Hadeed, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous