Saudi Iron and Steel Company (Hadeed) raises long steel prices

Saudi Iron and Steel Company (Hadeed) has increased rebar and wire rod prices for its July production. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, an increase of SAR 35 (USD 9) per ton compared to the previous month. The price of wire rod (6.5-16 mm) has also risen by SAR 35 (USD 9) per ton, now offered at SAR 2,485 (USD 662) per ton. The above prices are on CPT Riyadh basis and without 15 pct VAT. 1 USD = 3.75 SAR