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
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