Saudi Iron and Steel Company - Hadeed cuts rebar prices for March deliveries

Saudi Iron and Steel Company (Hadeed) has lowered its long steel prices by SAR 50 (USD 13) per ton for March deliveries. The new pricing sets rebar (12-32 mm) at SAR 2,350 (USD 626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. The company has set the new prices for rebar (12-32 mm) at SAR 2,350 ($626) per ton, while wire rod (6.5-16 mm) is now priced at SAR 2,320 (USD 618) per ton. Above prices are on a CPT Riyadh basis, excluding 15pct VAT. 1 USD = 3.75 SAR