31
Aug
15:06
Sabic reduces rebar price on cheaper Turkish offers
Saudi Iron and Steel Company (Hadeed) has decreased its rebar price by SAR 200/tonne ($53) in response to the decline in Turkish-origin rebar offers since the producer’s last price hike in April, market participants tell Kallanish.
The steelmaking subsidiary of Sabic hiked rebar on three separate occasions in April, by a combined total of around SAR 400/t, following surging steel prices in China. By the end of April Turkish rebar quotes to the Arab Gulf ha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous