Smaller induction-furnace producers reported better rebar demand after the summer period.
Their delivered rebar offers rose to 2,550–2,600 riyals per tonne in the week to September 21.
Stronger sales allowed some mills around Riyadh and Al Kharj to bid more for ferrous scrap.
Fastmarkets’ sheared HMS 1&2 index delivered Riyadh reached 1,789.97 riyals per tonne on September 22, up week on week.
Conditions differed elsewhere: the Eastern Province scrap index declined over the same period.
