SteelOrbis has been informed that the local offers for 8 mm rebar in the Saudi Arabian market are at the price level of SAR 5,650/mt ($1,505/mt), offers for 12 mm are at SAR 5,300/mt ($1,413/mt), while 16 mm and above are being offered at SAR 5,350/mt ($1,425/mt), delivered to customer, including five percent VAT, on a theoretical weight basis.
The rebar prices in the local Saudi Arabian market have remained unchanged compared to last week. Meanwhile, the end-user demand is still registering high levels in this market.