Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries.
The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton to SAR 2,370 (USD 631) per ton.
Above prices are on a CPT Riyadh basis, excluding 15pct VAT.
1 USD / 3.75 SAR