29
Dec
10:24
Hadeed hikes rebar yet again as expected
Saudi Iron & Steel Company (Hadeed) has increased rebar prices for the domestic market by a further SAR 200/tonne ($53). This represents the third hike in a matter of weeks and has, like the previous two, been driven by increasing input costs.
Saudi market participants had previously anticipated the additional price hike (see Kallanish passim).
Rebar of 16-32mm diameter is now quoted at SAR 2,800/t ($747), while 12-14mm dia rebar is pegged at SAR 2,850/t deli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous