08
Aug
15:23
Saudi rebar prices decline on low demand
Saudi Arabia's rebar market has not improved, even though stockists and traders do not have large stocks. End-users and traders are buying small quantities, aiming to carry as little stock as possible to avoid being caught out if prices drop. Some mills started to offer SAR 30-50/tonne ($8-13) discounts on their announced quotes for firm bids, Kallanish learns.
At end-July, Hadeed reduced its rebar price by SAR 100/t ($26.6) and set the net price for…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous