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Saudi Iron & Steel Company (Hadeed) has increased rebar prices for the domestic market by a further SAR 200/tonne ($53) due to growing cost pressure, Saudi market participants tell Kallanish. Rebar of 16-32mm diameter is now quoted at SAR 2,600/t ($693), while 12-14mm dia rebar is pegged at SAR 2,650/t delivered nationwide. The new prices are effective 16 December. This brings Hadeed’s overall rebar price hike in December to SAR 300/t. It has been …
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