Saudi Iron and Steel Company (Hadeed) announces rebar prices for November

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