01
Jul
16:41
Saudi mills elevate rebar quotes, register positive sentiment
Saudi Arabian mills have followed suit after the benchmark mill, Hadeed, raised its July-delivery quotes by SAR 35/tonne ($9.3) over June to SAR 2,410/t delivered, by lifting their rebar SAR 25-40/t over June. Kallanish notes that local market sentiment is good, with mills observing increased demand, particularly in Riyadh.
Al Ittefaq, as expected, issued its list price at SAR 2,300/t delivered on credit, Al Rajhi is at SAR 2,340/t delivered on credit, Al Yamamah …
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Anonymous
Very good overview of the weekly steel market.
Anonymous