The Saudi iron and steel landscape has kicked off February with a notable shift in pricing strategy. Hadeed, the Saudi Iron & Steel Company and the premier long product producer in the GCC, has officially implemented a price hike, signaling a firming trend in the regional market as we move into the second month of 2026.
For buyers navigating the Saudi market, the adjustments are focused on both construction grade rebar and wire rods. These figures represent Riyadh port delivered pricing and notably exclude the standard 15% Value Added Tax.
Rebar 12–32 mm $602/t EXW
Wire rod 6.5mm $610/t EXW
As the titan of the GCC steel industry, Hadeed’s pricing movements are rarely isolated incidents; they are widely viewed by analysts as a barometer for regional sentiment. With an impressive annual production capacity of 3.8 million tons of long products and 2.2 million tons of flat products, any adjustment from the company tends to ripple through domestic supply chains.
This move suggests a tightening of supply or a strategic response to evolving input costs within the Saudi industrial sector as demand remains robust. For regional stakeholders, the primary question now is whether secondary producers will follow suit or if current market liquidity will absorb these higher entry points for February.
USD 1 = SAR 3.75
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