14
Jun
13:31
Saudi billet quotes rise on scrap price hike
Saudi Arabian merchant billet producers have increased their tags to mirror scrap prices hikes of SAR 50/tonne ($13.3) on-week across the country, Kallanish learns from market sources.
This week in Saudi Arabia, HMS 80:20 grade delivered scrap is quoted at SAR 1,325-1,350/t ($353-360) in Jeddah and Riyadh, and at SAR 1,350-1,400/t in Dammam district. Large-capacity scrap consumers Hadeed, Al Ittefaq and Rajhi have different scrap buying policies, including target …
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Anonymous
Very good overview of the weekly steel market.
Anonymous