Saudi Arabia introduces steel price indicators

Fastmarkets and the National Industrial Development Fund in Saudi Arabia have launched benchmark indices for steel and iron scrap prices in the local market aimed at enhancing transparency and supporting decision-making. Data shows that the price per ton in Saudi Arabia reached 1,826 riyals in September 2026, covering various regions such as Eastern Province, Riyadh, and the Western Province. These indices are non-binding tools based on market data, helping to understand price trends and develop competitive information sources, with prices continuing to vary depending on market conditions and supply and demand factors.

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