Saudi Iron and Steel Company (Hadeed) will lower its wire rod prices by SAR 100 (USD 27) per ton for September deliveries.
The new price for wire rod (6.5-16 mm) will be SAR 2,435 (USD 648) per ton.
Hadeed recently reduced its rebar prices by SAR 40 (USD 11) per ton, bringing them to SAR 2,370 (USD 631) per ton.
The above prices are on CPT Riyadh basis and without 15 pct VAT.
1 USD = 3.75 SAR
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.
General Secretariat
Tel +21323304221 – +21323304239
Fax +21323304254
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
