Saudi Iron and Steel Company (Hadeed) unveils revised long steel prices for May 2025

The Saudi Iron and Steel Company (Hadeed) has released its new long steel prices for May deliveries. The company reduced rebar prices by SAR 70 ($19) per ton, bringing the new price to SAR 2,280 ($607) per ton. In contrast, wire rod prices (6.5-16 mm) were increased by SAR 30 ($8) per ton, now set at SAR 2,350 ($626) per ton. Prices do not include 15% VAT. 1 USD / 3.75 SAR