Saudi Iron and Steel Company ( Hadeed ) has announced an increase in rebar prices for November.
The company announced an increase in the price of rebar (12-32 mm) by 50 Saudi riyals ($13) per ton, to become 2350 Saudi riyals ($625) per ton.
Similarly, the price of wire rod (6.5-16 mm) will increase by 75 Saudi riyals ($20) per ton, to become 2440 Saudi riyals ($649) per ton.
Above prices are on a CPT Riyadh basis, excluding the 15pct VAT.
1 US dollar = 3.75 Saudi riyals
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 +21320343324 – +21320343357
Fax +21320343194
Mail: [email protected]
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: [email protected]
