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.
In the Saudi Arabian domestic market, local production rebar prices have shown no change as compared to last week. However, end-user demand is at low levels at the moment.