According to market sources, mesh quality wire rod offers in the local Saudi Arabian market are varying at SAR 2,700-2,900/mt ($720-773/mt) delivered. Meanwhile, Turkish wire rod offers to the country stand at $575-590/mt CFR.
Market players state that following the deportation of illegal workers in Saudi Arabia, according to new legal regulations, construction activity in the county has slowed down and so demand for import wire rod has weakened.
$1 = SAR 3.75