02
Nov
13:14
Saudi billet prices slide on slightly lower demand
Billet prices have softened slightly in the Saudi market due to low demand, Kallanish notes.
Saudi tier-two mills Rajhi and Al Ittefaq published their November-rolling rebar prices, followed by tier-three mills (see separate story).
This week in Saudi Arabia, local induction furnace mills, for firm bids, have softened their billet quotes SAR 30-50/tonne ($8-13.3) to SAR 2,200-2,250/t ($586-600) ex-mill for standard billet. They are at SAR 2,300/t ex-mill for mang…
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Anonymous
Very good overview of the weekly steel market.
Anonymous