Massive quantities (millions of tons) of reinforcing steel are available from SABIC at highly competitive prices, tailored for large orders and mega projects. Basic Offer Details: Quantity: Starting from 1,000,000 tons Price: SAR 1,400/ton Commission: SAR 100/ton Total: SAR 1,500/ton including commission Contracting Mechanism: Signing a contract for the entire required quantity Issuing a promissory note for the full contract value in favor of the owner The quantity will be supplied in 5 scheduled installments Each installment: 200,000 tons Payment will be made via bank transfer (MT103) for each installment The transfer includes the commission Initiation Steps: Letter of Intent (LOI) Letter of Commissions’ Rights (certified by the Chamber of Commerce) Clarification of the buyer’s status and the number of intermediaries Available Purchase Mechanisms (Optional): Bank Guarantee (BG) Letter of Credit (LC) Price depends on the size of the guarantee or letter of credit: Each 100,000 tons ➜ SAR 1,350/ton Each 50,000 tons ➜ 1450 SAR/ton Every 30,000 tons ➜ 1550 SAR/ton Or as per value: 100 million SAR ➜ 1500 SAR/ton 50 million SAR ➜ 1600 SAR/ton Daily Payment: Daily Supply: 2000 tons Secured: 5000 tons Price: 1850 SAR/ton including commission Purchase Order (PO): Price: 2250 to 2400 SAR/ton including commission