According to aisusteel, Saudi Iron and Steel Company (Hadeed) has announced its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton. However, the price of wire rod (6.5-16 mm) has been reduced by SAR 70 (USD 18) per ton, now priced at SAR 2,370 (USD 631) per ton. These prices are on a CPT Riyadh basis and exclude a 15% VAT. The current exchange rate is 1 USD = 3.75 SAR.