17
Oct
15:16
Saudi rebar market activity slows
Saudi Arabian steel market activity is particularly vibrant against faltering markets globally, with rebar demand, especially, driven by numerous giga projects.
This week, mills' rebar sales have slowed slightly after a strong first half of October. Relatively low-quoted rebar import prices from United Arab Emirates and Oman are concerning buyers that the domestic benchmark mill may reduce November-delivery rebar prices amid higher-priced stocks,&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous