The largest steel manufacturer and market leader in Saudi Arabia, Hadeed, has published its long product domestic quotations for August. According to the company's notice, since the local market demand remains stable compared with the previous month, Hadeed has decided not to make any changes to its long product offers.

Meanwhile, market insiders believe that the market demand has a good chance of improving in the future as there are plenty of construction projects, ongoing or planned. However, the actual investments of these projects still take time to create new steel demand.