03
Jul
15:48
Saudi billet producers lift prices amid rebar increase
Saudi Arabian merchant billet producers are trying to raise prices, which is meeting resistance. However, given increased rebar quotes, rebar re-rollers will inevitably accept new quotes for billet due to the well-known ultra high prices of local scrap amid limited collection, notes Kallanish.
Meanwhile, the Saudi benchmark mill has rolled over scrap purchase prices for July transactions from June, which have been unchanged since January. The move is to prevent fu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous