11
Dec
14:21
Saudi tier-three rebar mills elevate their quotes
Saudi mills are attempting to raise rebar prices on the back of higher billet pricing triggered by scrap price hikes driven by the benchmark mill, notes Kallanish.
However, traders are willing to book at new prices if they can only get a compromise due to their high inventories, especially from the benchmark mill.
This week in Saudi Arabia, after an SAR 20-60/tonne ($5-16) week-on-week increase, third-tier mills set their ex-works prices at SAR 2,120-2,150/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous