In the Saudi Arabian domestic rebar market state-controlled retail rebar quotations are at SAR 2,900/mt ($773/mt) ex-warehouse and wholesale prices are at SAR 2,800/mt ($747/mt) ex-works. The business activity in the Saudi rebar market is sluggish and demand is weakening.
After the latest ex-Turkey steel billet deal in Saudi Arabia at $575/mt CFR, it is heard that Saudi buyers have since left the steel billet market, with no transaction being heard lately.
$1 = SAR 3.750