27
Mar
14:54
Saudi billet market falls silent
Saudi Arabian billet producers are being squeezed between low bids from rebar re-rollers, amid falling rebar prices driven by low demand, and high scrap quotes amid supply shortages, notes Kallanish.
In the current market conditions, induction furnace-route merchant billet producers in the kingdom are quoting rebar grade 4sp billet at SAR 2,010-2,050/tonne ($536-547) ex-works.
A notable deal was sealed by an east coast-located billet producer, who managed to secu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous