11
Oct
12:48
Saudi billet trade activity accelerates
The Saudi Arabian billet and scrap markets have been stable since the start of the month. This week, trade activity was lively and a few billet export deals were concluded, aligning with local market prices, notes Kallanish.
In Riyadh, a rebar producer booked 15,000 tonnes of 130mm grade-40 billet at SAR 1,975/tonne ($527) delivered to Riyadh, equating to $1,935-1,940/t ($516-517) ex-works. Meanwhile, in Jeddah, a small-capacity induction furnace-route merchant bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous