Hadeed raises long steel prices for November

Saudi Iron and Steel Company (Hadeed) is raising its long steel prices for November deliveries.

The company’s rebar (12-32 mm) price will increase by SAR 50 (USD 13) per ton, bringing it to SAR 2,350 (USD 625) per ton. Similarly, wire rod (6.5-16 mm) will go up by SAR 75 (USD 20) per ton, reaching SAR 2,440 (USD 649) per ton.

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

1 USD / 3.75 SAR