Posted on 30 Jul 2025
Saudi wire rod (WR) prices for August deliveries are unchanged from July, with leading domestic producers maintaining their existing levels. However, the market has started to see sharply lower-priced Chinese offers for future shipments, raising questions among traders, Kallanish notes.
One market source notes: “We heard September-mid loading ex-China low-carbon WR offers for 6.5-11mm diameter at around $500/tonne cfr Jebel Ali, UAE ports. But in the Saudi market, Chinese offers are even lower, some falling below Chinese billet offers, which are currently around $480-490/t cfr Jeddah for October shipment.” The source adds that those levels are “too good to suspect,” implying skepticism over the sustainability or authenticity of such low-priced quotes.
Domestically, Saudi producer Hadeed rolled over its August price at SAR 2,320/t ($618.6/t) delivered for 6.5-14mm wire rod. Al Ittefaq delivered prices across the nation, whilst Solb delivered to the south, west and central regions. List prices were set at SAR 2,280/t for both.
In addition, flexible pricing is being applied. Discounts of 1.5% and 1.8% are available, to SAR 2,240-2,250/t, depending on the curtomer's regular monthly pre-agreed intake volume.
Source:Kallanish
