Saudi Iron and Steel Company (Hadeed) announces rebar prices for November

Saudi Iron and Steel Company ( Hadeed ) has announced an increase in rebar prices for November. The company announced an increase in the price of rebar (12-32 mm) by 50 Saudi riyals ($13) per ton, to become 2350 Saudi riyals ($625) per ton. Similarly, the price of wire rod (6.5-16 mm) will increase by 75 Saudi riyals ($20) per ton, to become 2440 Saudi riyals ($649) per ton. Above prices are on a CPT Riyadh basis, excluding the 15pct VAT. 1 US dollar = 3.75 Saudi riyals