The Saudi rebar market in Saudi Arabia continues to show a subdued trend following the extended Eid holiday period. Rebar prices have remained stable and unchanged, with expectations for market activity to pick up in the upcoming week as key decision-makers and engineers return to work. Wire rod shipments from the benchmark mill are facing constraints, particularly in the availability of 11mm diameter wire rod in the market.

Amidst this market scenario, Al Ittefaq is offering rod at SAR 2,400 per tonne ($640) for delivery.  The market's current stability and the anticipated increase in activity next week coincide with the need for key industry players to resume operations after the holiday period, setting the stage for potential shifts in market dynamics in the near future.