14
Jan
00:00
Saudi rebar prices slip $27 in Jan, but no collapse contrary to reports
State-owned Saudi steelmaker SABIC has reduced its rebar price by SAR 100/tonne ($27/t) for January deliveries from the previous month, market participants tell Kallanish. Rebar prices in the Saudi market have not collapsed contrary to some press reports this week, they add.
A spate of new small-scale mills has recently been established in Saudi, which convert re-rolling scrap, sourced from larger diameter rebar mill scrap, into rebar after passing it t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous