19
Dec
14:47
Typical year-end stagnation hits Saudi rebar market
Saudi Arabian tier-three mills have softened rebar prices, whereas tier-two mills are resisting reducing but allowing a negotiable margin of SAR 25-50/tonne ($6.6-13.3) for firm bids.
Due to year-end financial targets, buyers are purchasing minimum quantities for short-period consumption, aiming to maintain low inventory at year-end to realise higher cash flow, Kallanish notes.
Tier-two mills Rajhi and Al Ittefaq are offering rebar at SAR 2,500-2,5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous