[SMM Iron & Steel] Saudi Arabia’s Hadeed Raises Domestic Steel Prices Amid Rising Costs

Published: Apr 27, 2026 11:14

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Driven by increasing scrap material and logistics costs, Saudi Arabian steelmaker Hadeed implemented its third price hike for April 2026. The new pricing structure reflects an increase of $21 per metric ton for 12-32mm rebar, bringing the price to $704 per metric ton (CPT Riyadh, excluding 15% VAT). Additionally, wire rod (7-14mm) prices increased by $37 per metric ton, reaching $717 per metric ton. This upward pricing adjustment highlights the ongoing inflationary pressures within the Middle Eastern steel supply chain.

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