18
Dec
14:09
Saudi traders eye liquidation of high stocks
Saudi Arabian traders are set to enter 2024 with high rebar stocks. Due to financial priorities, traders are looking to deplete and liquidate their reserves amid fierce competition, Kallanish learns.
Against cash, the Saudi benchmark mill's rebar is being traded at SAR 2,250/tonne ($600) between traders versus last week's SAR 2,250-2,270/t. Its price in the retail market is meanwhile at SAR 2,280-2,300/t delivered, unchanged from last week.
Third-ti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous