steel prices in Saudi Arabia during December 2024 witnessed varying month-on-month increases compared to November, with only one category recording a decrease. Timber prices also witnessed notable increases, while prices of electrical wires and cables declined.
Rebar Prices
Rebar (6mm):
Decreased by 0.4% to 3981.09 riyals/ton.
Rebar (8mm):
Increased by 0.7% to 2785.12 riyals/ton.
Rebar (10mm):
Up 0.9% to 2832.34 riyals/ton.
Rebar (12mm):
Up 2.1% to 2772.34 riyals/ton.
Rebar (14mm):
Up 2.1% to 2772.37 rials/ton.
Rebar (16mm):
Up 2.1% to 2771.41 riyals/ton.
Rebar (18mm):
Up 2.1% to 2771.34R/ton.
Chinese steel interconnecting cables:
Decreased by 3.2% to 50.11 riyals.
Decreased by 3.2% to 50.11 riyals.
Electrical wire and cable prices
Electrical Wires:
Prices fell for all categories by percentages ranging from 1.1% to 1.6%.
Prices ranged from SR1.21 to SR2.73.
Electrical Cables:
Saw declines for all categories except for the stabilization of one category.
The decrease ranged from 0.1% to 1.1%, and prices between SR22.06 and SR541.78.
Decreases ranged from 0.1% to 1.1%.
Wood prices
Chilean lumber:
rose by 2.3% to 1532.31 riyals.
Romanian lumber:
Up 0.9% to 1483.94 reais.
African teak:
saw the largest increase of 2.8% to reach 6208.7 riyals.
Indonesian Appalachian wood:
rose by 0.4% to 3163.18 reais/cubic meter.
Aluminum:
Down 0.8% to 87.75 riyals.
December 2024 saw notable fluctuations in building materials prices, with an increase in iron and timber prices, while electrical wires and cables prices declined. These changes reflect local market dynamics and supply and demand factors affecting various sectors.
