Hadeed has announced that it will maintain its current prices for rebar and wire rod for August shipments. This decision comes amidst fluctuating global steel prices and aims to provide consistency for its customers. The company is offering rebar (12-32 mm) at SAR 2,410 (USD 642) per ton, and wire rod (6.5-16 mm) at SAR 2,485 (USD 662) per ton.
Hadeed, a leading steel manufacturer, has opted to roll over its prices, reflecting a commitment to market stability and customer satisfaction. By keeping prices steady, the company aims to support ongoing construction projects and infrastructure development without adding financial strain to its clients.
Industry analysts suggest that Hadeed’s decision to maintain prices could help the company strengthen its market position, as competitors may face challenges in adjusting their pricing strategies. The decision is expected to be well-received by contractors and builders who rely on predictable pricing for their project planning and budgeting.
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