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03 Nov
13:45

Sabic lowers rebar price for November

Saudi Iron and Steel Company (Hadeed) has decreased its rebar price for November bookings despite international prices going in the opposite direction in recent weeks, Saudi sources tell Kallanish. The steelmaking subsidiary of Sabic last reduced its official quote at the start of October to SAR 1,900/tonne delivered throughout Saudi Arabia, although it offered large discounts to shift stock quicker. The latest price for 16-32mm diameter rebar has been set …
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