14
Aug
15:15
Sabic hikes rebar further, Saudi export momentum grows
Saudi Arabian steelmaker Sabic has increased its rebar price for the domestic market by SAR 150/tonne ($53) to SAR 2,000/t ($533) delivered throughout the kingdom, local sources tell Kallanish.
The move, which follows Sabic’s modest SAR 50/t increase at the start of August, had been widely expected as a result of increasing steel and raw materials prices worldwide. Continued strong Chinese steel fundamentals are propping up prices globally. “Everyone…
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Anonymous
Very good overview of the weekly steel market.
Anonymous