Saudi Arabia’s retail rebar market has seen a clear upward shift in December, driven by last week’s price increases announced by Hadeed, the country’s largest steel producer and the main price setter in the domestic market. Secondary mills and retail traders have followed suit, raising their own price levels in alignment with Hadeed’s adjustment. Market participants note that demand in the Kingdom has been improving steadily, supported by ongoing mega-projects, strong construction activity, and continued government-led development initiatives. This gradual rise in domestic consumption has strengthened sellers’ confidence and encouraged firmer pricing across the market. At the same time, Saudi producers have been active in the regional export market. Recent reports indicate that some rebar lots have been successfully sold to buyers in the UAE, supported by improving demand in neighboring GCC markets.
Currently, Hadeed, Saudi Arabia’s largest steel producer, is offering retail rebar at $568-573/mt (SAR 2,130-2,150/mt) CPT for December output. Among secondary mills, Al Ittifaq has raised its December rebar price to $557/mt (SAR 2,090/mt) CPT, up from $550/mt (SAR 2,050/mt) last month, while Rajhi Steel has increased its level to $560/mt (SAR 2,100/mt) CPT, also up from $545/mt (SAR 2,045/mt) previously.
In the retail segment, traders have likewise adjusted their December offers upward to $533-544/mt (SAR 2,000-2,040/mt) CPT, compared with last month’s $505-520/mt (SAR 1,900-1,950/mt). However, market sources note that lower-priced material is still available from smaller mills, with some offers heard at $525-533/mt (SAR 1,970-2,000/mt) CPT.
On the export side, market rumors suggest that Hadeed has been offering rebar to the UAE at $615/mt (SAR 2,306/mt) CPT, although no confirmed deals have been reported. Separately, sources indicate that another Saudi supplier successfully concluded a sale of roughly 20,000 mt of rebar to a UAE-based trader in recent weeks, reflecting continued interest in Saudi material across the Gulf.
