Building materials prices in local markets. Cement continues to rise, steel falls

Cement prices continued to rise for the second consecutive month, while steel prices continued to decline for the sixth consecutive month, at the end of April.

Average cement price

According to data of the General Authority for Statistics, the average price of cement in the Kingdom increased by the end of the month for the second month in a row, the highest level in 28 months, and the average cement price increased to 14.11 riyals per 50 kg bag by the end of the same month, the highest average since December 2020 when it reached 14.12 riyals.

The average cement price increased to 14.11 riyals per 50 kg bag by the end of the same month, the highest average since December 2020.

The average price of cement rose in April compared to last March, which reached SR13.98 per bag, compared to SR13.90 per bag at the end of February.

The average price of cement rose in April compared to last March.

Black cement prices in the Kingdom increased during April on an annual and monthly basis, rising by about 5.4% compared to the same month last year, and by about 1.8% from March 2023.

The average price of a 50 kg bag of cement recorded 15.22 riyals, compared to 14.44 riyals in April of last year 2022, and compared to 14.95 riyals in the previous month.

White Cement

The price of white cement decreased by 1.8% for a 50 kg bag to 38.29 riyals, compared to 39 riyals in the same month of 2022, and decreased by 1.6% compared to its price of 38.93 riyals in March.

The price of a ton of black cement in Saudi Arabia was 304.4 riyals at the end of April, while the price of a ton of white cement was 765.8 riyals.

Steel prices

The General Authority for Statistics data in its monthly bulletin showed that the average price of a ton of iron in the local markets at the end of last April continued to decline for the sixth month in a row, to record the lowest level since the end of 2020.

The average price of a ton of iron in the Kingdom; fell to the level of 3108.33 riyals per ton by the end of April; the lowest level in 28 months; since recording 3006.59 riyals per ton in December 2020.

The average price per ton in the same month decreased by 23.97 riyals and by 0.77% compared to its price in last March, which ended at 3132.27 riyals, continuing its decline for the sixth consecutive month. The average price per ton was 3170.95 riyals in February and 3287.43 riyals in January 2023.

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Year-on-year, the average price per ton fell 27.6%, down 1184.51 riyals compared to its April 2022 price of 4292.81 riyals.

Year-on-year, the average price per ton fell 27.6%, down 1184.51 riyals.

The average price of a ton of iron in Saudi Arabia in April 2022 was the highest in more than 13 years, since it reached 4890 riyals in December 2008.

The average price of a ton of iron in Saudi Arabia in April 2022 was the highest in more than 13 years.

Since the beginning of this year, the average price per ton has fallen by 219.46 riyals, a decrease of 6.6%, compared to its price at the end of 2022 of 3327.76 riyals.

Steel prices in the Kingdom fell almost collectively by the end of last month compared to March 2023, and fell collectively year-on-year compared to the price level in the corresponding month of 2022.

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Year-on-year, national 8mm rebar decreased by 33.8% compared to its price in April 2022 to 3027.96 riyals per ton, followed by national 10mm rebar with a decrease of 32.9% to 3091.15 riyals.

Year-on-year, national 8mm rebar decreased by 33.8% compared to its price in April 2022 to 3027.96 riyals per ton.

The price of 12mm national steel decreased by 28.79% to 2871.66 riyals per ton, then 16mm national steel and 14mm national steel decreased by 28.79% and 28.77%, respectively, to 2871.9 riyals and 2872.58 riyals per ton respectively, then 18mm national steel decreased by 28.68% to 2874.21 riyals.

The price of 12mm national steel decreased by 28.79% to 2874.21 riyals.

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The price of 6mm national steel, the most expensive type, fell by 12.4% during April 2023 on an annual basis, to 4148.61 riyals per ton, down 588.45 riyals per ton from its price of 4737.06 riyals in the same month last year.

With regard to price levels on a monthly basis, all types decreased except for 6mm national steel, which rose slightly by 0.03%, while the decline rates for other types ranged between 0.7% and 1%.

Month-on-month price levels.

Building materials prices