Saudi Basic Industries Corporation (SABIC) has raised prices on some steel products by SAR 100 per ton, Al Riyadh newspaper reported, citing unnamed sources with knowledge of the matter.
Prices for 8 millimeter (mm) and 10mm steel products increased to SAR 1,950 per ton from SAR 1,850 per ton, as of this week.
However, 12mm, 14mm and 16mm steel products will remain priced at SAR 1,880 per ton.
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