The publication of Fastmarkets’ monthly price assessment for steel billet imports to Saudi Arabia was delayed by two hours and five minutes, the pricing agency reported Monday.
The affected price is MB-STE-0940, steel billet, import, CFR Saudi Arabia, measured in dollars per tonne. The assessment is part of Fastmarkets’ steel physical prices package.
Fastmarkets launched the monthly price assessment in 2023, citing increasing volumes of billet imports into Saudi Arabia and anticipated growth in steel demand driven by large infrastructure projects, including the 2034 FIFA World Cup and Saudi Expo 2030, according to a company statement released last year.
The agency also launched a tonnage-weighted steel scrap price index for the Saudi Arabian domestic market in August 2025, a first-of-its-kind initiative intended to provide a transparent benchmark for the Saudi steel scrap market. That index responds to demand from market participants in Saudi Arabia and across the Gulf Cooperation Council, supporting the country’s Vision 2030 diversification plan and megaprojects like NEOM, the Mukaab, and the Red Sea Project.
Fastmarkets encourages those seeking further information or wishing to provide feedback on the delayed publication, or to turn into data submitters for the billet price assessment, to contact pricing@fastmarkets.com and steel@fastmarkets.com, using “re: Steel billet, import, cfr Saudi Arabia” as the subject line. The agency will consider all comments received and make those not marked as confidential available upon request.
Methodology and specification documents for all Fastmarkets pricing are available on the Fastmarkets methodology page.
