The Saudi Iron and Steel Company (Hadeed) has lowered long steel prices by SAR 75 (USD 20) per ton for October production.
Under the new pricing, rebar (12-32 mm) is set at SAR 2,055 (USD 548) per ton, while wire rod (6.5-16 mm) is priced at SAR 2,245 (USD 599) per ton.
Above prices are on a CPT Riyadh basis, excluding 15pct VAT.
1 USD = 3.75 SAR
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