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 (USD 19) per ton, bringing the new price to SAR 2,280 (USD 607) per ton. In contrast, wire rod prices (6.5-16 mm) were increased by SAR 30 (USD 8) per ton, now set at SAR 2,350 (USD 626) per ton.
Above prices are on a CPT Riyadh basis, excluding 15pct VAT.
1 USD / 3.75 SAR
