31
Jan
17:06
Sabic hikes rebar price as stocks deplete
Saudi Arabian steelmaker Sabic has increased its rebar price to the domestic market by SAR 60/tonne ($16) to SAR 2,160/t ($576) delivered throughout the kingdom.
This comes despite Turkish scrap import prices and rebar export quotes being on a downtrend over the last two weeks. “Sabic’s price was lower than international prices,” a Saudi trader says of the price hike. Moreover, Saudi market stock levels are low after Sabic reduced production in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous