Posted on 28 Oct 2025
Saudi Arabia’s tier-three rebar mills in the central region – including Al Kharj and Riyadh – have increased prices by a minimum of SAR 30/tonne ($8), effective immediately, Kallanish notes. Current offers stand at SAR 1,930/t ex-works, SAR 1,950/t delivered in the central region, and SAR 1,970/t delivered to Dammam.
Tier-two producers Al Rajhi Steel and Solb Steel are meanwhile heard offering rebar at SAR 2,045/t and SAR 2,050/t delivered, respectively, across the kingdom.
The benchmark mill’s rebar is reported between SAR 2,080-2,090/t in wholesale trade (between traders) and SAR 2,100/t delivered in retail against cash payment.
Amid a cash crunch, traders describe tough market conditions, noting that many buyers are seeking longer payment terms and higher credit limits without bank guarantees.
In October, traders accelerated sales to reduce inventories, expecting a benchmark price cut, but instead, the mill raised rebar by SAR 25/t to SAR 2,080/t and rolled over coil prices at SAR 2,245/t for November orders. As a result, stock levels are now low, and offtake is expected to improve in November.
“The market sentiment is positive, and we expect this will continue until year end,” a mill official comments.
Source:Kallanish
