Saudi Iron and Steel Company (Hadeed), a leading steel producer in Saudi Arabia, has unveiled updated pricing for its long steel products for December 2024 deliveries. The price of rebar (12-32 mm) has been increased by SAR 50 (approximately USD 13), bringing the new rate to SAR 2,400 (USD 639) per tonne. Meanwhile, the price for wire rod (6.5-16 mm) remains steady at SAR 2,440 (USD 649) per tonne.
These prices are based on Riyadh CPT delivery terms, with the 15% VAT excluded. The adjustment reflects market dynamics and highlights Hadeed’s commitment to providing competitive rates in the region's steel industry.
1 USD = 3.75 SAR
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