It is observed that the local Saudi Arabian rebar market is quiet in terms of trading activities.
Domestic rebar offers of Saudi mills Al-Rajhi Steel and Solb Steel are currently at SAR 2,170/mt ($579/mt) CPT and SAR 2,140/mt ($571/mt) CPT, respectively and both excluding five percent VAT. Also, another Saudi producer Watani Steel is offering rebar to its domestic market at SAR 1,975/mt ($527/mt) ex-works, excluding five percent VAT and for advance payments.
$1 = SAR 3.75