06
Jun
16:13
Saudi rebar prices softens over low demand
In Saudi Arabia, the rebar market is quiet due to the low demand of end-users who expect further price decreases and heavy trader stocks. However, the recent development on the Saudi borders of customs officials not allowing steel products shipments from Gulf Cooperation Council countries to enter the country freely is puzzling market participants, Kallanish observes.
"Since 3 June, rules of origin decree (imposed on 3 July, 2021) impleme…
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Anonymous
Very good overview of the weekly steel market.
Anonymous