Hadeed lowers rebar prices for June, keeps wire rod offers steady

The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for June deliveries.

The company’s rebar prices have been reduced by SAR 50 (USD 13) per ton, bringing the new rate to SAR 2,230 (USD 594) per ton.

In contrast, wire rod prices remain unchanged. Hadeed’s wire rod (6.5-16 mm) continues to be offered at SAR 2,350 (USD 626) per ton.

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

1 USD / 3.75 SAR