Domestic and imported wire rod prices in Saudi Arabia

SteelOrbis has learned that in the Saudi Arabian domestic market wire rod prices of 9 mm and above thickness stand at SAR 2,850/mt ($760/mt) ex-works, following a sideways trend for a while.
 
On the other hand, Turkish origin mesh quality wire rod prices in the Saudi Arabian market are at $785-795/mt CFR, while mesh quality wire rod offers from China are at $765-775/mt CFR, both for September shipments.
 
While inquiries from Saudi buyers have lately increased in number since they are preparing for the post-Ramadan period, these buyers are interested more in the lower Chinese offers.
 
$1 = SAR 3.750