SteelOrbis has been informed that the local offers for 8 mm rebar in the Saudi Arabian market are at the price level of SAR 2,850/mt ($761/mt), offers for 12 mm are at SAR 2,650/mt ($707/mt), while 16 mm and above are being offered at SAR 2,600/mt ($694/mt) ex-works/ex-warehouse, including five percent VAT, on a theoretical weight basis.
Rebar prices in the Saudi Arabian market have been maintaining their downtrend.