21
Nov
16:05
Saudi port handles first rebar, scrap cargoes
King Abdullah Port has handled its first cargoes of rebar export and ferrous scrap import, with more in the pipeline, a port official tells Kallanish.
The export cargo contained 40,000 tonnes of rebar bound for Egypt. It is one of the largest rebar export deals reported so far since the lifting last summer of Saudi’s long-standing rebar export ban (see Kallanish passim). Moreover, this is a clear sign Saudi mills are broadening their customer base as the m…
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Anonymous
Very good overview of the weekly steel market.
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