Hadeed, one of Saudi Arabia's largest steel producers, has announced its updated steel prices for February. The revised prices reflect notable changes in rebar and wire rod products, which play a significant role in the construction sector. The price of 12-32 mm rebar has remained stable at 2,400 SAR per ton (approximately USD 639 ), while the price of 6.5-16 mm wire rods has been revised down by 70 SAR (approximately USD 18 ), now set at 2,370 SAR (USD 631 ) per ton.
These prices are on a Riyadh delivery (CPT) basis and exclude 15% VAT. Despite global price fluctuations, Hadeed’s continued commitment to competitive and stable pricing for the construction sector provides a significant advantage in terms of supplier reliability and economic balance. This approach highlights how Hadeed manages price flexibility in line with market conditions, striving to offer construction firms more sustainable costs.
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