21
Feb
13:53
Saudi rebar market awaits March-delivery prices amid uptrend
In Saudi Arabia, the rebar price gap between large producers and medium-capacity mills has narrowed to SAR 50-70/tonne ($13-19) from SAR 70-100/t due to demand from traders for restocking, driven by price increase expectations.
The country’s largest steelmaker, Hadeed, is expected to announce its March-shipment rebar prices by the end of this week, Kallanish notes.
There is a consensus among rebar market participants that Hadeed will increase its rebar and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous