09
May
16:58
Saudi rebar market awaits reduction
The Saudi Arabia rebar market is weak, and sector participants expect a price decrease. Hadeed was heard to have continued its production over the extended holiday in its smelting shop and holds a supply advantage, Kallanish observes.
"There is a 12 mm diameter rebar shortage in the market. Due to a fall in scrap prices, we expect a price decrease in rebar," opines a trader.
The country's largest producer, Hadeed has rolled over its May ro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous