20
Dec
13:44
Saudi rebar demand remains strong despite imminent prices
January-delivery rebar prices are expected to be announced in Saudi Arabia in one week, but this is not slowing the current strong demand. Mills are struggling to find trucks, with the situation worsening day by day, Kallanish notes.
“When there is a feeling that prices may inch down, traders halt their procurement during the last week of the month,” comments a Saudi sector participant. “Their current eagerness indicates that prices wil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous