Raw material prices and, as a consequence, the prices of final steel products, have since mid-last year seen recurring price rises to unprecedented levels. This included all types of steel, including long products, which are typically comprised of rods, rebar, beams, and oil & gas pipes, or flat products consisting of hot and cold rolled coils, zinc galvanized, and pre-painted steel coils & sheets.
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03 February 21 Focused on building the new steel industry in Saudi Arabia in line with the Vision 2030 targets, the National Committee for Steel Industry (NCSI) has started the new calendar year with a decision on who will take the sector’s helm. This news has brought confidence to the representatives of the domestic steel […]
The second half of 2020 witnessed recurrent and sudden increases in the prices of various steel products, which peaked last December, with prices of hot-rolled steel coils for example, increasing by more than US$ 100 per ton in a single month.
Riyadh: Since May 2020 onwards, a variety of long steel products, such as rebar rods, steel sections as well as oil and gas pipelines, along with flat steel products such as hot-rolled flat steel known as black steel rolls as well as galvanized and pre-painted Steel have witnessed a sudden price rise.
Riyadh, June 23, 2020: : As the implementation of the new customs duties started on June 20, 2020, which was approved by the Council of Ministers being imposed on select imports after careful review by relevant authorities, Engineer Rayed Abdullah Al-Ajaji, Chairman of the National Committee for Steel Industry, created by the Council of Saudi Chambers, lauded the resolution to increase customs duty on products listed by the General Customs Authority, including steel products up to the originally approved bound-rates as stipulated in the Kingdom’s Protocol of Accession to the World Trade Organization (WTO) signed more than 15 years ago.
November 16, 2019 Chairman of National Committee for Steel Industry Eng. Rayed Al Ajaji signed an MoU with Secretary General & Executive Head of Indian Steel Association Dr. Bhaskar Chatterjee to facilitate interaction for the purpose of fostering and advancing mutual understanding to enable sustainable growth of the steel industry in both countries and in […]
Riyadh, 13th January 2020: : In a clear and positive statement made at the outset of 2020, National Committee for Steel Industry Chairman, Engineer Rayed Abdullah Al-Ajaji, highly commended the mandatory list of local product preference as approved by the decision issued by the Cabinet ..