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26 Jun
14:24

Saudi mills expect better demand in July

Saudi Arabia's rebar market anticipates slightly better demand in July. The country's benchmark mill announced unchanged July-delivery rebar and coils prices at SAR 2,350/tonne ($626) but postponed the project discount announcement until after business resumes on 2 July following the Eid Al Adha holiday, Kallanish notes. This week, VAT-excluded delivered rebar prices in the retail segment are at SAR 2,250-2,300/tonne ($600-613) for the benchmark …
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