05
Jul
14:23
Saudi billet prices approach tier-three mills' rebar quotes
Saudi Arabian induction furnace-route merchant billet producers have increased their billet tags close to rebar price levels, driven by hiking scrap prices and demand for semis, Kallanish notes.
This week in Dammam, Riyadh, and Jeddah, 130mm 4sp billet quotes are prevailing at SAR 1,900-1,950/tonne ex-mill ($507-520) payable by LC at sight. Small-capacity mills are offering at the low end since they worked at less than a 30% utilisation rate in June. They are eage…
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Anonymous
Very good overview of the weekly steel market.
Anonymous