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Al-Marsad Journal: A recent report showed that iron prices registered a monthly increase during the month of June, which amounted to 10.51% from the previous month.
According to the Al-Watan newspaper, the report says that the average iron prices have seen annual increases reaching a maximum of 54.12% for a ton of domestic rebar measuring 10mm, of which the annual price difference has reached 1345 rials in one year. The average annual increase was 43.86% between June 2020 and June 2021.
The prices of a ton of iron between June 2020 and June 2021 were as follows.
National 6 mm rebar = 28.99%
June 2020 = 3281.60 June 2021 = 4233.01
8mm national rebar = 53.97% June 2020 = 2486.19 June 2021 = 3828.08
10mm national rebar = 54.12% June 2020 = 2485.25 June 2021 = 3830.21
National 12 mm rebar = 43.62% June 2020 = 2444.78 June 2021 = 3511.12
National 14 mm rebar = 43.40% June 2020 = 2446.37 June 2021 = 3508.17
16mm national rebar = 43.80% June 2020 = 2439.36 June 2021 = 3507.70
National reinforcing bar 18 mm = 43.85% June 2020 = 2437.16 June 16 2021 = 3505.94
Average price = 43.86% June 2020 = 2574.39 June 2021 = 3703.46
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