09
Jan
13:27
Saudi scrap increase triggers billet tags, rebar stable
Saudi Arabian mills' rebar prices are unchanged this week amid low end-user demand in the housing sector, despite increased scrap and billet values, Kallanish notes.
On Sunday, the first working day of the week, oversized rebar scrap generated by demolished buildings in Jeddah gained SAR 50/tonne ($13.3) on-week to SAR 1,375/t delivered. Local merchant billet producers moved up their billet quotes by SAR 50/t on-week to SAR 2,100-2,150/t in Riyadh and Dam…
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