Saudi Arabia’s leading steel mill, Hadeed Sabic has announced a sharp hike of SAR 350/t ($93) in rebar prices for June’21 sales, SteelMint learnt from market sources. The revised price for rebar (12-32mm) for June’21 stands at SAR 3,000/t, delivered within the country. In 2020, SABIC posted overall steel production at 60.7 mn t.
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