Rebar prices in Saudi Arabia recorded a slight increase in the first half of 2025 compared to the same period last year. The rise was supported by continued demand for construction materials and infrastructure projects, before showing the first monthly decline in June.
In January 2025, the average price per ton reached SAR 2,962 compared to SAR 2,878 in January 2024, marking a 2.9% increase. Prices remained steady in February at SAR 2,959, compared to SAR 2,883 last year, up 2.6%.
In March, prices stood at SAR 2,946 per ton against SAR 2,886, an increase of 2.1%. In April, the price reached SAR 2,938 versus SAR 2,886, up 1.8%. In May, rebar was priced at SAR 2,911 compared to SAR 2,885, reflecting a slight rise of 0.9%.
By contrast, June marked the first price decline of the year, with the average ton dropping to SAR 2,876 compared to SAR 2,891 in June 2024, a decrease of -0.5%.
Overall, the average rebar price in the first half of 2025 stood at SAR 2,932 per ton, compared to SAR 2,885 per ton in the same period last year, representing an average increase of 1.6%.
This performance reflects relative stability in the Saudi steel market with a mild upward trend, supported by ongoing construction activity and infrastructure projects, before signs of slowdown appeared in June.
Rebar Prices in Saudi Arabia – First Half of 2025 (SAR/ton)
Month | 2025 | 2024 | Change |
|---|---|---|---|
January | 2,962 | 2,878 | 2.9% |
February | 2,959 | 2,883 | 2.6% |
March | 2,946 | 2,886 | 2.1% |
April | 2,938 | 2,886 | 1.8% |
May | 2,911 | 2,885 | 0.9% |
June | 2,876 | 2,891 | -0.5% |
Average | 2,932 | 2,885 | 1.6% |
Source: General Authority for Statistics – Saudi Arabia
Outlook for the Second Half of 2025
Analysts expect steel prices in Saudi Arabia to remain relatively stable in the second half of the year, with the possibility of seasonal declines due to slower project activity in the summer. However, medium-term demand is expected to stay strong, supported by urban expansion and major infrastructure projects in the Kingdom, which could limit any sharp price drops.