Currently, a domestic mill in Saudi Arabia offers US$534/ton, US$667/ton, US$747/ton for HRC, CRC and HDG respectively, according to market sources.
It seems that the domestic price of plate product remains unchanged, but seller always slashed price by US$40-50/ton in the real transaction.
And now, buyers in Saudi Arabia import just a little volume of steel products due to the local surplus stock and expectation of price further declining.
Currently, distributors said they don"t hold an optimistic attitude in 2009. Source: Yieh.com