The steel market in Saudi Arabia has witnessed significant volatility over the past months, as a result of multiple global and local factors.
Major projects within Vision 2030 have contributed to an increase in demand for rebar, which is reflected in prices in the local market.
Industry experts expect relative stability in prices during the second half of the year, with the possibility of a slight rise as construction projects increase.
We advise contractors to contract iron quantities in advance to ensure the best prices and avoid the impact of market fluctuations.
