03
Aug
15:05
Sabic hikes rebar as Saudi exports loom
Saudi Arabian steelmaker Sabic has increased its rebar price for the domestic market by SAR 50/tonne ($13) to SAR 1,850/t ($493) delivered throughout the kingdom, local sources tell Kallanish.
The move is said to be a reflection of increasing raw materials and steel prices worldwide, and is not due to any improvement in Saudi domestic demand which remains subdued. Another factor driving higher prices is the real prospect of Saudi rebar exports commencing in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous