03
May
11:18
Hadeed rolls over rebar despite some hike expectations
Saudi Iron & Steel Company (Hadeed) has kept its rebar prices unchanged from the previous month for May deliveries, despite some sources expecting a hike on costlier raw materials.
Prices for the domestic market of rebar of 16-32mm diameter remain at SAR 2,650/tonne ($707), while 12-14mm dia rebar is at SAR 2,650/t delivered nationwide.
“It’s very strange they [Hadeed] didn't increase their prices or remove their special discount,” one S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous