Saudi steel supply-demand likely to balance in 2013, Al Rajhi says

Apr 13, 2012 | 08:31 AM |

Supply and demand in Saudi Arabia’s domestic steel market are likely to achieve a balance next year, potentially allowing greater scope for imports and exports, an executive at Al Rajhi Steel Industries said. The extra capacity for steel production across the country – along with a gradual end to new, very large construction projects – could see the market normalise and open up to the region, according to Faisal Bin Edan, marketing director at the Saudi steelmaker. “At the moment, so....

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