Saudi Iron and Steel Company (Hadeed) has announced an increase in rebar and wire rod prices, a report said.

New rebar price for the domestic market increased by SR150 ($40) per tonne to SR2,000 ($533) per tonne CPT Riyadh, said a Steel Mills of the World report citing Middle East Steel.

New wire rod price has been fixed at SR2,000 ($533) per tonne CPT Riyadh, up by SR150 ($40) per tonne compared with last announced prices, the report said.