Steel supply and demand to balance next year in Saudi Arabia
2012-04-16 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi Arabia's Al Rajhi Steel Industries has said supply and demand in the country's domestic steel market are likely to achieve a balance next year, potentially allowing greater scope for imports and exports, Saudi Gazette has reported. The extra capacity for steel production across the kingdom, along with a gradual end to new, very large construction projects, could see the market normalise and open up to the region, said Faisal bin Edan, marketing director at the steelmaker. "At the moment, so much of the steel demand is within Saudi Arabia, so there are still restrictions on the flow of steel in and out of the country," said bin Edan.  

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