Steel prices in Saudi Arabia have jumped 12 percent year-on-year (YoY) to average SAR 2,552 per ton in Q1 2018, data issued by the Kingdom’s General Authority for Statistics (GASTAT) showed.
Prices of cement and cables increased 1 percent YoY each to SAR 13.04 per 50-kilogram bag, with cables rising 19 percent YoY to SAR 31.73 per meter.
Wood grew by 5 percent YoY in the same period.
Meanwhile, prices of ready-mix concrete dropped 5 percent YoY in the same period.
|
Average Prices of Construction Materials (SAR) |
|||
|
Material |
Q1 2017 |
Q1 2018 |
Variation |
|
Ready-mix concrete (cubic meter) |
185.63 |
176.62 |
(5%) |
|
Steel (ton) |
2,287.00 |
2,552.00 |
+12% |
|
Cement (50 kilo bag) |
12.95 |
13.04 |
+1% |
|
Cables (meter) |
26.75 |
31.73 |
+19% |
|
Wood (cubic meter) |
2,504.20 |
2,626.28 |
+5% |
Steel prices rose the most in March at 13 percent to SAR 2,563 per ton. January saw the least growth at 9 percent YoY to SAR 2,533 per ton.
|
Steel Prices (SAR/ton) |
|||
|
Month |
2017 |
2018 |
Variation |
|
Jan |
2,319 |
2,533 |
+9% |
|
Feb |
2,283 |
2,561 |
+12% |
|
March |
2,259 |
2,563 |
+13% |
|
Average |
2,287 |
2,552 |
+12% |
Cement prices slipped 0.2 percent YoY in February to SAR 12.98 per 50-kilogram bag.
|
Cement prices (SAR/50 Kg bag) |
|||
|
Month |
2017 |
2018 |
Variation |
|
Jan |
12.98 |
13.12 |
+1% |
|
Feb |
13.01 |
12.98 |
(0.2%) |
|
March |
12.86 |
13.01 |
+1% |
|
Average |
12.95 |
13.04 |
+1% |
|
Construction Materials (SAR) |
|||
|
Month |
Ready-mix concrete (cubic meter) |
Cables (meter) |
Wood (cubic meter) |
|
Jan |
178.25 |
31.37 |
2,633.79 |
|
Feb |
175.35 |
31.93 |
2,605.08 |
|
March |
176.27 |
31.88 |
2,639.97 |
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