10
Jul
14:39
Saudi longs market shows signs of improvement
The Saudi Arabian scrap shortage continues, with prices remaining firm but stable, while demand for billet is strong and prices are finally on the rise. Rebar distributors have increased their purchases from mills, while rebar producers have finally started to feel more optimistic about demand and prices, as many are fully booked in July, Kallanish notes.
Saudi merchant billet producers and semi-integrated mills in Riyadh attempted to reduce their scrap purchase p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous