Arab Steel Summit
Arab Steel Summit

Sabic Steel

Hadeed and Bahri sign a Letter of Intent to explore cooperation in maritime transport solutions

Saudi Iron & Steel Company (Hadeed) and the National Shipping Company of Saudi Arabia (Bahri) have signed a letter of intent to explore opportunities for cooperation in maritime transport to meet Hadeed’s requirements for seaborne iron ore shipments. The LOI, signed in Riyadh, outlines the two parties’ intention to discuss mechanisms for leveraging Bahri’s capabilities …

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Hadeed raises rebar prices for January and keeps wire rod prices unchanged

Saudi Iron and Steel Company (Hadeed) announced an increase in rebar prices for January sales, while maintaining wire rod prices at their current levels. According to the company, rebar prices for sizes 12–32 mm were raised by SAR 70 per ton, reaching SAR 2,190 per ton.Meanwhile, wire rod prices for sizes 6.5–16 mm remained stable …

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Saudi Iron and Steel Company (Hadeed) announces a decrease in long steel prices for July

The Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for July deliveries. The company’s rebar prices have been reduced by SAR 100 (USD 27) per ton, bringing the new rate to SAR 2,130 (USD 566) per ton. Wire rod (6.5-16 mm) saw a smaller reduction of SAR 30 (USD 8) per …

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Saudi Iron and Steel Company (Hadeed) unveils revised long steel prices for May 2025

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 …

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Meeting between Mauritanian Minister of Minerals and Industry and CEO of  Hadeed

On the sidelines of the International Mining Conference held in Riyadh, the Mauritanian Minister of Industry and Minerals, Mr. Etiam Tijani, met with the CEO of Hadeed Company and Chairman of the Board of Directors of Takamul Company, Mr. Abdelkader Al-Mubarak, in the presence of the General Manager of SNIM, Eng. Mohamed Fall Ould Talmidi. …

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Saudi Iron and Steel Company (Hadeed) announces strategic acquisitions and investments worth 25 billion riyals

Saudi Iron and Steel Company (Hadeed) revealed strategic acquisitions and investments worth 25 billion riyals to support Saudi Vision 2030 projects, as part of the strategic announcement package for the International Mining Conference in Riyadh. Hadeed also revealed, on the sidelines of the International Mining Conference in Riyadh, the company’s plans to produce 10 million …

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Saudi Iron and Steel Company (Hadeed) maintains rebar prices for January 2025

Saudi Iron and Steel Company (Hadeed) announced unchanged prices for long steel products for January 2025 deliveries. The price of rebar (12-32 mm) remained at SAR 2,400 ($639) per tonne, and wire rod prices (6.5-16 mm) will remain stable at SAR 2,440 ($649) per tonne. The above prices are based on Riyadh CPT, excluding 15% …

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Saudi Iron and Steel Company – Hadeed – Reduces Rebar Prices for October Delivery

Saudi Iron and Steel Company (Hadeed) will reduce its long steel prices for October deliveries due to sluggish demand, according to market insiders. The company plans to lower the price of rebar (12-32 mm) by SAR 70 ($19) per ton, bringing the new price to SAR 2,300 ($613) per ton. Similarly, the price of wire …

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“SABIC”: Obtaining final approvals to transfer ownership of “Hadeed” to the “Investment Fund”

The Saudi Basic Industries Corporation (SABIC) announced that it has obtained all final approvals from the competent authorities, that all conditions have been met, and that ownership of the Saudi Iron and Steel Company (Hadeed) has been completely transferred to the Public Investment Fund. The company said in a statement to Tadawul Saudi Arabia, today, …

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Saudi Iron and Steel Company announces rebar prices for May without change

Saudi Iron and Steel Company (Hadeed) has announced that it will maintain current prices for rebar and wire rod for its May output, marking the third consecutive month of price stability. The price of rebar (12-32 mm) will remain at 2,350 riyals ($626) per ton. While wire coils (6.5-16 mm) will continue to be offered …

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Arab Iron and Steel Union holds the second technical committee meeting in the Kingdom of Saudi Arabia

The Arab Iron and Steel Union held the second meeting of the Technical Committee on April 21-22, 2024 in Jeddah, Kingdom of Saudi Arabia, at the Shangri-La Hotel – Jeddah. At the invitation of the Saudi Iron and Steel Company – Hadeed. During this meeting, the technical data collected from Arab steel companies was studied …

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Competition Authority approves the completion of the economic concentration between the two companies, Hadeed and Al Rajhi Steel

The Board of Directors of the General Authority for Competition approved the completion of the economic concentration process between the Saudi Iron and Steel Company – Hadeed and Al Rajhi Steel Industries Company – Al Rajhi Steel. The authority explained in its account on the X platform. The approval was made after the Council reviewed …

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The Saudi Iron and Steel Company announces an increase in rebar prices for February

The Saudi Iron and Steel Company (Hadeed) announced the official prices for selling rebar for February at 2,350 Saudi riyals per ton ($627 per ton), an increase of 25 Saudi riyals per ton ($7 per ton) compared to the level of January. The company resorted to this increase to balance costs. Despite the sufficient local …

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