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Saudi Iron and Steel company (Hadeed) maintains stable prices for May output

Saudi Iron and Steel Company (Hadeed) has announced that it will maintain current prices for rebar and wire rod for its May output, marking the third consecutive month of price stability.

Saudi Iron and Steel company (Hadeed) maintains stable prices for May output

Saudi Iron and Steel Company has announced that it will maintain its rebar prices for the month of April without any changes.

Despite external pressures, including global supply chain disruptions and raw material cost fluctuations, Hadeed aims to provide stability to its customers.
Consistent pricing fosters confidence among construction companies and contractors, allowing them to plan their projects effectively.

By keeping prices unchanged, Saudi Iron and Steel Company aims to provide certainty and reliability to its customers amid uncertain economic conditions.

Rebar (12-32 mm) prices will remain at 2,350 riyals ($626) per ton.

Wire rods (6.5-16 mm) will continue to be offered at 2,450 riyals ($653) per ton.

The above prices are based on Riyadh CPT and exclude the 15% VAT.

As construction activity continues to drive demand for steel products, Saudi Iron and Steel Company's commitment to price stability is expected to contribute to the sector's resilience and long-term growth.

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