10
Nov
12:50
Subdued Saudi rebar market awaits direction
The Saudi Arabian rebar market is subdued, and traders are trying to deplete their high stocks piled up since mid-October, awaiting a move by the major mills.
Tier-one – benchmark mill – and tier-two mills' rebar prices in the retail segment declined to SAR 2,675-2,700/tonne ($713-720) delivered to buyer's yard. Current sales prices leave almost no margin for traders. Cut-and-bend downstream facilities are working intensively, Kallan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous