19
Aug
15:42
Saudi buyers book imported wire rod
Amid insufficient local coiled long product supplies from the benchmark mill and Al Ittefaq, a few traders have secured a combined tonnage of nearly 20,000-25,000 tonnes of Egyptian wire rod at around $610/tonne cfr Jeddah.
They expect deliveries by the end of the month. After factoring in inland transportation and clearance costs, the delivered prices to traders' warehouses are reported to be at SAR 2,330-2,370/t ($621-632). Egyptian steel products are e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous