A recent report by Saudi Contractors Association revealed that rebar prices in Saudi Arabia during February 2026 recorded a slight increase compared to January, with an increase ranging between 0.28% and 3.01% according to different sizes.
Reinforcing steel prices in Saudi Arabia during February 2026 recorded a slight rise compared to January, recording an increase between 0.28% and 3.011 TP3T according to different sizes.
The price of a ton of 8 mm iron rose from 2632.32 riyals in January to 2651.87 riyals in February, while 10 mm iron recorded a rise of 0.72% to reach 2696.33 riyals per ton, while 12 mm iron rose from 2550.66 riyals to 2626.54 riyals per ton, 14 mm from 2554.23 riyals to 2629.19 riyals, 16 mm from 2551.54 riyals to 2628.32 riyals, and 18 mm from 2560.35 riyals to 2634.61 riyals per ton. In contrast, 6mm steel saw a slight decrease of 0.28% to reach 3957.96 riyals per ton.
Year-on-Year Decline
Despite this monthly increase, the year-on-year comparison showed a significant decline in steel prices during February 2026 compared to the same period last year, recording decreases between 4.65% and 6.31% depending on sizes.
The price of a ton of 8 mm iron reached 2651.87 riyals compared to 2793.19 riyals in February 2025, a decrease of 5.06%, while 10 mm iron fell by 4.65% to reach 2696.33 riyals per ton.
The higher sizes witnessed similar decreases, with the price of 12 mm 2626.54 riyals, down 6.30%, 14 mm 2629.19 riyals, down 6.24%, 16 mm 2628.32 riyals, down 6.31%, and 18 mm 2634.61 riyals, down 5.98%.
These monthly and annual changes represent an opportunity for contractors and investors to plan budgets for their new projects, as the monthly increases help regulate the market, while the annual decrease reduces construction costs in the long term, while maintaining the balance of supply and demand for building materials in the Kingdom.
These changes are seen by construction industry experts as an opportunity for contractors and investors to plan budgets for their new projects.
