The rebar market in the Kingdom of S
witnessed a decline in prices during the first half of 2024 compared to the same period in 2023, as the average price of rebar during the first half of the current year reached 2885.04 riyals, a decline of 6.9% from the average of the first half of 2023, which reached 3,099.34 riyals. The average prices in January were the lowest at 2878.09 riyals, a decrease of 12.5% compared to the prices of January 2023, and the prices in June were the largest at 2891.46 riyals, an increase of 0.1% over the same month in 2023. Average iron prices in Saudi Arabia in the first half of 2024
Month | 2024 | 2023 | change |
January | 2878.09 | 3287.43 | -12.5% |
February | 2883.10 | 3170.95 | -9.1% |
March | 2885.91 | 3132.27 | -7.9% |
April | 2886.27 | 3108.30 | -7.1% |
May | 2885.41 | 3009.56 | -4.1% |
June | 2891.46 | 2887.52 | 0.1% |
Average | 2885.04 | 3099.34 | -6.9% |