31
Aug
14:02
Hadeed hikes longs prices on cost pressure
Saudi Iron & Steel Company (Hadeed) has increased its rebar and wire rod prices for the domestic market by SAR 100/tonne ($27). Local market participants tell Kallanish the move is mainly cost driven as demand has not improved significantly.
Rebar of 16-32mm diameter is now quoted at SAR 2,300/t ($613), while 12-14mm dia rebar is pegged at SAR 2,350/t. Wire rod of 5.5-6mm dia is at SAR 2,075/t and 6.5-16mm dia rod is at SAR 2,050/t. All prices are de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous