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Saudi Arabia: Rebar touches 3000 riyals and rises to the highest level in 6 years

The average prices of some construction materials in the Kingdom recorded a remarkable increase in July, especially iron and cement prices, in conjunction with the increase in the value-added tax rate from 5% to 15%.

The average price of rebar/tonne reached 2,947.69 riyals, which is the highest since April 2014, after it recorded 2,971.2 riyals/tonne, which means it reached the highest level in six years and three months to 3000 riyals.

The price has increased since the beginning of 2020 by 19.4%, equivalent to 478.12 riyals/tonne. And the rebar 6 mm national price/tonne rose by 8.16% to reach the level of 3643.77 riyals/tonne, an increase of 274.97 riyals/tonne compared to the same month last year during which it amounted to 3368.8 riyals/tonne.

Each of the national 12 mm and the national 10mm increase during the last month on an annual basis of 11.71% respectively, to reach 2757.37 riyals and 2997.37 riyals respectively.

Every month, steel prices witnessed noticeable increases ranging from 12.3% to 20.9% /tonne.

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الاتحاد العربي للحديد والصلب

لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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