The rebar market in Saudi Arabia witnessed a decrease in prices in the first eleven months of 2024 compared to the same period in 2023. The average price of rebar in January-November of current year amounted to 2899.11 riyals, a decrease of -3.5% compared to the average for the same period in 2023, which amounted to 3004.96 riyals. The average price for January was the lowest at 2878.09 riyals, a decrease of 12.5% compared to the average price for January 2023, and the average price for September was the highest at 2921.19 riyals, an increase of 1.0% compared to the same month in 2023. Average rebar prices in Saudi Arabia in January-November 2023-2024
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 | 3108.3 | -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% |
Oct. | 2903.29 | 2900.53 | 0.1% |
Nov. | 2918.4 | 2909.13 | 0.3% |
Average | 2899.11 | 3004.96 | -3.5% |