End-user demand has been trending slack in the local Saudi Arabian rebar market. The main reason for this is the continuing decline of international offers to this market. Saudi Arabian importers and local mills, who have been waiting for prices to start moving on a stable trend, have been refraining from high tonnage purchases even though offers given from Turkey to Saudi Arabia are at low levels compared with local market levels.
End-user demand on slack trend in local Saudi Arabian rebar market
SteelOrbis has been informed that local offers for 8 mm rebar in the Saudi Arabian market are at the price level of SAR 2,250/mt ($601/mt), offers for 12 mm are at SAR 2,030/mt ($542/mt), while 16 mm and above are being offered at SAR 1,980/mt ($529/mt). All offers are ex-works, excluding VAT and on a theoretical weight basis.
Marketplace Offers
Deformed Bar
Diameter
6 - 32 mm
ES ISO 6935-2 2019 B500BWR , ASTM A615 GR 60
Tedarikçi
YOTTA TRADING
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