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
