Hadeed keeps long steel prices flat for September output

The Saudi Iron and Steel Company (Hadeed) has left its long steel prices unchanged for September production.

The company’s rebar (12-32 mm) remains at SAR 2,130 (USD 566) per ton, while its wire rod (6.5-16 mm) stays at SAR 2,320 (USD 617) per ton.

Above prices are on a CPT Riyadh basis, excluding 15pct VAT.

Hadeed is the GCC’s major steel producer with an annual capacity of 3.8 mln tons of long products and 2.2 mln tons of flat products. The company was acquired by the Public Investment Fund in May 2024.

1 USD / 3.75 SAR