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29 May

Saudi tier-three mills settle rebar quotes

Saudi Arabian tier-three mills have issued their domestic ex-mill rebar prices at SAR 1,900-1,950/tonne ($506-520) ex-works. This comes after tier-two mills Al Rajhi and Al Ittefaq settled their delivered quotes at SAR 2,125/t and SAR 2,100/t, respectively. A few tier-three mills are even accepting SAR 1,850/t ex-works against cash payment to liquidate their stocks, Kallanish learns from market sources. The Saudi benchmark mill announced its June-rolli…
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