According to market sources,
rebar prices in the Saudi Arabian market are currently in the range of SAR 2,498-2,513/mt ($666-670/mt) delivered to customer.
Market sources state that prices of HMS I scrap in Saudi Arabia are on the low side at $266/mt ex-warehouse and that local
rebar prices may be reduced accordingly. Even though demand has been weak in the local Saudi Arabian
rebar market due to year-end considerations and the New Year holiday period,
rebar consumption is expected to increase on the back of upcoming construction projects.
$1 = SAR 3.75