16
Jan
15:27
Saudi mills eye exports on lacklustre domestic demand
Saudi Arabian domestic rebar demand is lacklustre, and mills are therefore eyeing export markets. The benchmark mill is in the export market for grade 60 rebar for February shipment, and tier-two mills are seeking sales to Kuwait, Bahrain and Egypt.
Due to high interest rates, housing projects have slowed dramatically in Saudi Arabia, and rebar sales for housing projects have fallen proportionally, Kallanish learns from market sources.
To improve liquidity, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous