21
Apr
12:11
Saudi land tax amendment to accelerate steel demand
Amendments approved last week by Saudi Arabia’s Council of Ministers to the White Land Tax (WLT) Law should accelerate the programme, giving a considerable boost to rebar demand in the kingdom, local sources tell Kallanish. However, the issue of domestic long product oversupply remains.
The WLT Law was implemented in 2016 at a rate of 2.5% of the value of the site to encourage the development of empty land designated for residential and commercial use (see K…
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Anonymous
Very good overview of the weekly steel market.
Anonymous