09
Oct
15:51
Saudi rebar wholesale prices soften over high stocks
Saudi Arabia's wholesale rebar prices – between traders – for benchmark mill material have softened by SAR 30-40/tonne ($8-11) on-week to SAR 2,270-2,280/t. Some sales were even recorded in Riyadh at SAR 2,250/t. Payment is in cash and material is delivered to the buyer's site, Kallanish understands.
"The market is not strong, but sales are continuing," says a senior mill official in Riyadh.
Third-tier mills are trying to hold their …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous