SteelOrbis has heard that the current offers of flat products in the local Saudi Arabian market are as presented below. Demand continues to be slack and the stocks of steel service centers in this market are at high levels. Thus, the traders are losing their motivation to import. However, it is heard that bookings from Thailand of 1.2 mm sized HRC has been concluded by Saudi Arabian pipe mills at the level of $550/mt C&F Saudi Arabia.
Product |
Price |
Delivery |
SAR 2,300-2,400/mt ($613-640/mt) |
Delivered to customer |
|
SAR 3,000/mt ($780/mt) |
Delivered to customer |
|
HDG |
SAR 3,200-3,800/mt ($853-1,013/mt) |
Delivered to customer |