The rebar market in Saudi Arabia witnessed a decline in prices in most months of the year 2024 compared to the same period in 2023. The average price of rebar in 2024 amounted to about 2903.81 riyals, a decrease of 3.1% compared to the average price of the same rebar in 2023, which amounted to 2995.54 riyals. The average price in January was the lowest at 2878.09 riyals, a decrease of 12.5% compared to the average price in January 2023, and the average price in December was the highest at 2955.42 riyals, an increase of 2.2% compared to the same month in 2023. Average iron prices in Saudi Arabia in January - December 2023-2024
Month | 2024 | 2023 | Change |
Jan. | 2,878.09 | 3,287.43 | -12.5% |
Feb. | 2,883.31 | 3,170.95 | -9.1% |
Mar. | 2,885.91 | 3,132.27 | -7.9% |
Apr. | 2,886.27 | 3,108.30 | -7.1% |
May | 2,885.41 | 3,009.56 | -4.1% |
Jun. | 2,891.46 | 2,887.52 | 0.1% |
Jul. | 2,916.82 | 2,874.45 | 1.5% |
Aug. | 2,920.15 | 2,883.24 | 1.3% |
Sep. | 2,921.19 | 2,891.18 | 1.0% |
Oct. | 2,903.29 | 2,900.53 | 0.1% |
Nov. | 2,918.40 | 2,909.13 | 0.3% |
Dec. | 2,955.42 | 2,891.97 | 2.2% |
Average | 2,903.81 | 2,995.54 | -3.1% |