Saudi rebar and billet producer Watani Iron Steel expects revised electricity tariffs to raise its total cost of sales by approximately 1.12%, according to Argaam’s report on its company disclosure. The estimate uses reviewed preliminary financial statements as of 30 June 2026. The company expects the effect from the first quarter of 2027, following implementation on 1 January. It plans to improve operating efficiency and optimise energy use. Water tariff changes are not expected to have a material financial impact.
Country: Saudi Arabia. Source: Argaam. Original publication: 28 October 2026.