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08 Apr
01:00

Saudi seen exporting 500,000t of rebar in 2015 following lifting of ban

Saudi Arabian steelmakers are expected to export up to 500,000 tonnes of rebar in 2015, National Committee for Steel Industry chairman Shuail Al Ayed tells Al Riyadh. This follows the government’s decision in February to lift a seven-year ban on exports of the product. The ability to export has come as a relief for local producers after domestic rebar inventories surpassed 1 million tonnes. Mills will now be able to sell product to Egypt and East Afric…
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