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 2,050/mt ($547/mt), while 16 mm and above are being offered at SAR 2,000/mt ($533/mt). All offers are ex-works, and on a theoretical weight basis.
Price and demand levels in the Saudi Arabian rebar market are on a stable trend.