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01 Dec

Hadeed hikes rebar again on further cost pressure

Saudi Iron & Steel Company (Hadeed) has increased its rebar prices for the domestic market by SAR 100/tonne ($27). Local market participants tell Kallanish the move is mainly cost driven and based on international pricing trends. Rebar of 16-32mm diameter is now quoted at SAR 2,400/t ($640), while 12-14mm dia rebar is pegged at SAR 2,450/t. The move is “…mainly cost driven and due to price improvements in the region, as we are heading now in…
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