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Saudi Arabia's steel price per ton rises 24% in first half of 2026

Saudi Arabia's steel price per ton rises 24% in first half of 2026

The average price of a ton of steel in Saudi Arabia increased by 23.91% during the first half of 2026, reaching 3,418.9 riyals by the end of June, the highest level in approximately four years. The price per ton has steadily risen over the months, with an 18.86% year-over-year increase. All types of steel have experienced significant increases, especially rebar with diameters of 12 and 14 mm, which rose by up to 22.4%. This rise reflects increasing demand and raw material costs, occurring amidst a continued surge in steel prices over several months.

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