20
May
15:43
Saudi mills increase rebar pricing after scrap hike
Saudi semi-integrated (induction furnace route billet producers) rebar producers are raising rebar prices by SAR 30-40/tonne ($8-11) on the back of the latest domestic scrap price hike seen in the market last Thursday.
In May, traders increased their rebar sales to projects, with rebar from benchmark mills seeing more attraction and sales share. Due to the liquidity crunch, Solb in Jazan, which is offering rebar at SAR 2,250/t delivered to the south and west…
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Anonymous
Very good overview of the weekly steel market.
Anonymous