24
Jan
14:52
Saudi rebar mills eye price increases
Saudi Arabian rebar market momentum and product shortages are motivating mills to increase their prices. Saudi traders are meanwhile looking for rebar imports from neighbouring countries due to the domestic supply shortfall.
Major mills that are quoting delivered rebar at SAR 2,700-2,725/tonne ($720-726) are seeking to increase their rebar prices by SAR 50/t, if not more. This comes as induction furnace billet prices increased by SAR 100/t to SAR 2,450/t ex-works&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous