(MENAFN- Saudi Press Agency) Riyadh Dhu-AlQa'dah 19 1436 September 03 2015 SPA --Saudi Basic Industries Corporation "SABIC" announced that it cut the steel price by SR 200 per ton in all regions of the Kingdom starting from the day before yesterday Tuesday.
The Executive Vice President for Minerals Unit in "SABIC" Engineer Abdulaziz Bin Sulaiman Al-Humayyid said that the reduction contributes to maintaining the stability and balance of the domestic market to serve the public interests amid signs of constant rising of demand for steel during the current and coming periods.
--SPA
15:10 LOCAL TIME 12:10 GMT
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