13
Jun
16:18
Saudi, Kuwait rebar markets await price correction
Saudi Arabia's rebar market is slow and participants’ outlook is negative. Despite this coupled with declining raw materials prices, Saudi tier-one mills’ rebar price reductions have not kept up pace. An impending decrease is however anticipated in order to stimulate buying activity, Kallanish observes.
"The buyers perceive another price reduction is essential, aligning with regional and global markets, and they [buyers] have lowered their Jun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous