Hadeed announces increase in rebar prices for December deliveries

Saudi Iron and Steel Company (Hadeed) has announced updated long steel prices for December deliveries. The price of rebar (12-32 mm) will rise by SAR 50 (USD 13) per ton, bringing it to SAR 2,400 (USD 639) per ton. Meanwhile, wire rod (6.5-16 mm) prices will remain unchanged at SAR 2,440 (USD 649) per ton. Above prices are on a CPT Riyadh basis, excluding the 15pct VAT. The above prices are based on Riyadh CPT, excluding 15% VAT. 1 USD = 3.75 SAR