30
Aug
13:30
Saudi scrap, billet market ready to resume
Saudi Arabia's scrap suppliers have been holding supply since last week to increase their quotations in anticipation of the benchmark mill's September-delivery rebar price increase.
On Wednesday, the benchmark mill announced its September-delivery rebar price, with a slight increase from August. Now scrap traders are waiting for the benchmark mill to declare its new scrap purchase price to get their quotes out, notes Kallanish.
This week, the Saudi …
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Anonymous
Very good overview of the weekly steel market.
Anonymous