It is reported that wire rod and rebar domestic prices in Saudi Arab have surged in last few days.

As per market reports, wire rods prices have increased by SAR 150 per tonne to reach SAR 2200 per tonne to SAR 2400 per tonne levels.

Rebar prices are reported to have surged by SAR 140 per tonne to SAR 175 per tonne. The latest price indications, after the increase, from the market are as under.
8mm – SAR 2450 per tonne
12mm – SAR 2110 per tonne
16mm – SAR 20280 per tonne

The market sources also added that Saudi Arabian steel major has increased the price levels of the wire rods by SAR 150 per tonne, which translates to about USD 40 per tonne.

 

Sourced for www.steelprices-middleeast.com