Saudi Arabia's largest steel manufacturer and market leader Hadeed has decided to maintain its long steel pricing unchanged for March production. According to market reports, market prices for long products in the country are reasonable and trade remains stable.
As a result, Hadeed's 12-32 mm rebar pricing for March production remains stable at $626/mt (SAR 2,350/mt) CPT from the previous month. Similarly, the price of rebar in coils is stable at $653/mt (SAR 2,450/mt) CPT compared to the previous month. The company has decided to keep wire rod prices stable at $653/mt (SAR 2,450/mt) CPT.
Meanwhile, other producers have not disclosed their prices but are anticipated to follow a similar price trend in the coming days.
$1 = SAR 3.75