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The decline in threaded steel prices, coupled with rising scrap steel prices, has put downward pressure on the scrap‑threaded steel price spread.

Category: Blog

Time:2026-07-03

Falling rebar prices, coupled with rising scrap steel prices, have put downward pressure on the scrap‑rebar price spread. As of the week ending July 1, Saudi Arabia’s rebar quotations declined, while local scrap steel prices rose, further squeezing production margins at steel mills nationwide. On June 30, a major mill in the Eastern Province cut its rebar delivery price by roughly SAR 130 per ton to SAR 2,800 per ton, with wire rod quoted at SAR 2,850 per ton. Rebar prices are trending lower amid subdued summer construction activity and scorching weather.

The decline in threaded steel prices, coupled with the rise in scrap steel prices, has put downward pressure on the scrap‑threaded steel price spread.

　　As of the week ending July 1, Saudi Arabia’s rebar prices declined, and combined with rising local scrap steel prices, this has further squeezed production margins at steel mills nationwide. On June 30, a major mill in the Eastern Province cut its rebar delivery price by approximately SAR 130 per ton to SAR 2,800 per ton, while wire rod was quoted at SAR 2,850 per ton. Rebar prices have been trending lower amid subdued summer construction activity and scorching weather.

　　Meanwhile, on Monday, a major steelmaker in the Eastern Province raised its purchase price for HMS 1&2 standard‑length scrap by 140 riyals per ton to 2,000 riyals per ton, while a leading electric‑arc furnace steel plant in the Western Region also increased its price by 150 riyals per ton. This week, Saudi Arabia’s domestic composite delivery index for HMS 1&2 stood at 1,766.18 riyals per ton, up 30.28 riyals per ton from June 23. Meanwhile, imported billet prices declined in June, marking the first drop since November 2025.

　　Market participants believe that price cuts by major steelmakers will prompt smaller induction‑furnace mills to lower their capacity utilization due to squeezed profit margins. The latest rebar–scrap price spread stands at 908.82 riyals per ton, down from 967.17 riyals per ton on June 15, and is expected to narrow further. A source at a re‑rolling mill noted that, after factoring in operating costs, small mills are losing roughly 270 riyals per ton of rebar. Rising scrap prices are weighing on induction‑furnace producers, with scrap flows from the central regions of Riyadh and Al‑Hajj shifting toward the Eastern Province. Amid higher scrap prices and softer steel prices, an induction‑furnace plant in the central region suspended production on Tuesday.

Keywords: The decline in threaded steel prices, coupled with rising scrap steel prices, has put downward pressure on the scrap‑threaded steel price spread.

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The decline in threaded steel prices, coupled with rising scrap steel prices, has put downward pressure on the scrap‑threaded steel price spread.

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