07
Apr
15:19
Sabic hikes rebar for second week running
Saudi Iron and Steel Company (Hadeed) has increased its rebar prices to the domestic market by SAR 150/tonne ($40/t) after scrap prices and Turkish-origin rebar offers jumped again this week, market participants tell Kallanish.
The hike follows last week’s rebar increase by Hadeed of SAR 100/t (see Kallanish 5 April). A source close to the steelmaking subsidiary of Sabic says this previous hike was an “… adjustment of internal policy,” r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous