17
Jul
15:21
Saudi Arabian domestic scrap prices fall marginally
Saudi Arabian domestic scrap prices have ultimately fallen by SAR 20-30/tonne ($5-8) on-week in Riyadh. The government is understood to have stepped up its crackdown on illegal workers, many of whom work in the scrap business, and scrap yards are under scrutiny, Kallanish notes.
This week, following the decline, cash payment for HMS 1/2 80:20 grade scrap is at SAR 1,625-1,635/t in Riyadh and SAR 1,630-1,650/t in Dammam. Due to the extreme heat, scrap yards have re…
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Anonymous
Very good overview of the weekly steel market.
Anonymous