Saudi material cost trends: Iron falls nearly 10%, cement rises 1% in Q1 2023

Saudi material cost trends: Iron falls nearly 10%, cement rises 1% in Q1 2023

The average price of iron in Saudi Arabia declined by 9.65 percent to 3,196.88 Saudi riyals per tonne in the first quarter of 2023 from SAR 3,538.50 per tonne in the year-earlier period, according to the country’s General Authority for Statistics.