The steel market in Saudi Arabia has seen notable fluctuations over the past few months, driven by multiple global and local factors.
Major projects under Vision 2030 have increased demand for reinforcing steel, which has been reflected in local market prices.
Industry experts expect relative price stability during the second half of the year, with a possible slight increase as construction projects grow.
We advise contractors to contract steel quantities in advance to secure the best prices and avoid the impact of market fluctuations.
