Rebar market in Saudi Arabia witnessed a decline in prices in the first nine months of 2024 compared to the same period in 2023, as the average price of rebar in January - September of this year reached 2896.51 riyals, a decrease of -4.3% compared to the average for the same period in 2023, which amounted to 3027.21 riyals. The average prices in January were the lowest at 2878.09 riyals, a decrease of 12.5% compared to January 2023 prices, and September prices were the highest at 2921.19 riyals, an increase of 1.0% compared to the same month in 2023. Rebar prices in the Kingdom witnessed an increase during the third quarter of this year compared to the same period last year. Average rebar prices in Saudi Arabia in January - September 2024
Month | 2024 | 2023 | Change |
Jan. | 2878.09 | 3287.43 | -12.5% |
Feb. | 2883.31 | 3170.95 | -9.1% |
Mar. | 2885.91 | 3132.27 | -7.9% |
Apr. | 2886.27 | 3108.30 | -7.1% |
May | 2885.41 | 3009.56 | -4.1% |
Jun. | 2891.46 | 2887.52 | 0.1% |
Jul. | 2916.82 | 2874.45 | 1.5% |
Aug. | 2920.15 | 2883.24 | 1.3% |
Sep. | 2921.19 | 2891.18 | 1.0% |
Average | 2896.51 | 3027.21 | -4.3% |