12
Jun
15:23
Saudi's Ittefaq elevates rebar quotes amid 16mm shortage
Dammam-based integrated mill AI Ittefaq increased its domestic rebar wholesale prices by SAR 50-70/tonne ($13.3-18.6) to SAR 2,150-2,170/t ($573-578.6) delivered across the country amid the shortage of 16mm diameter rebar in the market. The move came last week, and it has not spurred enough and expected interest.
Due to export commitments and maintenance shutdown, the benchmark mill's 16mm rebar was short. Therefore, the benchmark mill's major distributors…
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Anonymous
Very good overview of the weekly steel market.
Anonymous