28
Dec
11:05
Saudi's Hadeed cuts long prices, adopts new strategy
Saudi Arabia's largest steel producer and market maker, Hadeed, has cut its domestic rebar prices for January deliveries by SAR 75/tonne ($20) from December to SAR 2,325/t and coil quotes by SAR 50/t on-month to SAR 2,400/t delivered across the country on LC 90 days.
The company removed project discount schemes that had been in place for almost 15 months. The project discounts removal, along with the setting of net prices, indicates a new sales strategy t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous