24
Apr
15:13
Saudi scrap quotes increase over scarcity
Saudi Arabian scrap quotes continue to rise due to scrap collection shortages, thereby squeezing billet producers amid low rebar prices, Kallanish notes.
In Riyadh, tier-three mills are offering rebar at SAR 2,090-2,130/tonne ($557-568) ex-works against cash payment.
For this week, induction furnace-route billet producers in Saudi Arabia are quoting 4sp billet at SAR 2,010-2,030/t ex-works in Jeddah and SAR 1,990-2,050/t in Dammam and Riyadh, providing a cl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous