Saudi Iron & Steel Company (Hadeed) announced an increase in rebar prices for February 2026 sales.
According to the company, prices for rebar sizes 12–32 mm were adjusted upward by SAR 70 (USD 19) per ton, reaching SAR 2,260 per ton (USD 603).
Meanwhile, prices for wire rod coils in sizes 6.5–16 mm rose by SAR 20 (USD 5) per ton to SAR 2,290 per ton (USD 610).
The above prices are Riyadh port-delivered prices and exclude the 15% value-added tax (VAT).
Hadeed is the largest steel producer in the Gulf Cooperation Council (GCC), with an annual production capacity of 3.8 million tons of long products and 2.2 million tons of flat products.
USD 1 = SAR 3.75