23
Jun
01:00
Saudi rebar oversupply persists as struggling mills try to undercut Sabic
The majority of Saudi Arabia’s rebar producers have failed to clear the backlog of rebar inventories which initially accumulated when the construction sector slowed drastically in 2013 on the government’s illegal labour crackdown, local market sources tell Kallanish.
Besides largest producer Saudi Iron and Steel Company (Hadeed), a subsidiary of 70% state-owned Sabic, Saudi steelmakers have struggled to sell product since the introduction of new …
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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