2024-01-10 18:47:39
Iron prices vary in Saudi Arabia, January 2024, depending on many factors, such as the global stock market and the supply chain as well, which greatly affect prices and quality. The rise or fall of iron prices results in an increase in the prices of other areas such as real estate.
Iron prices in Saudi Arabia, January 2024
Regarding iron prices in Saudi Arabia, they are as follows:
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Initially, the price of SABIC steel reached about 2,553 Saudi riyals, while the price of Al Rajhi steel reached about 2,472 riyals.
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As for the price of Al-Ittifaq iron, it is 2461 Saudi riyals, the price of Bin Dajam iron reached 2461 Saudi riyals, and Al-Sadd iron is about 2415 Saudi riyals.
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In addition, the price of national iron is about 2185 riyals, and a ton of iron in general has reached a price of 2538.5 Saudi riyals.
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Also, the price of 8 mil national rebar is 2617.18 Saudi riyals, and 10 mil national rebar is about 2623.24 Saudi riyals.
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While 14 mil rebar reached about 2330.55 Saudi riyals, 5 mil at about 3207.85 riyals, and 6 mil reinforcement at about 3207.85 Saudi riyals.
As for the most famous steel companies in the Kingdom of Saudi Arabia, they are as follows:
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We have SABIC, which is considered one of the most famous companies in the Kingdom of Saudi Arabia and specializes in the fields of industry and iron production. It is also considered the largest complex in the Middle East, and the company has specialized in manufacturing many high-quality products.
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It also contributes to the industry at the local and regional levels, and its sales have reached about 60% of the total amount of iron sold in the entire Kingdom of Arabia, and its price has reached about 2,550 Saudi riyals per ton.
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It is also expected that there will be an increase during the coming period, until its price will reach about 2,700 Saudi riyals per ton.
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As for Al Rajhi Company, the price of iron has reached about 2,460 Saudi riyals per ton, and that company is ranked second in terms of quality as well as iron sold in the Saudi markets, with its prices expected to stabilize in the coming days in all of the Kingdom of Saudi Arabia.
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