The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for November 2025.
Prices for rebar (12–32 mm) increased by SAR 25 (USD 7) to reach SAR 2,080 (USD 555) per ton, while wire rod (6.5–16 mm) prices remained unchanged at SAR 2,245 (USD 599) per ton compared to the previous month.
The announced prices are based on the official exchange rate in Riyadh and exclude the 15% value-added tax (VAT).
Hadeed is the largest steel producer in the Gulf Cooperation Council (GCC), with an annual production capacity of approximately 3.8 million tons of long products and 2.2 million tons of flat products.
The company was acquired by the Public Investment Fund (PIF) in May 2024.
1 USD = 3.75 SAR
