01
Sep
13:26
Saudi scrap, billet remain stable amid hike attempts
Saudi Arabian scrap prices are stable following the benchmark mill's rolling over of rebar prices for September deliveries; however, traders and stockists are holding back scrap to elevate prices, Kallanish notes.
The benchmark mill has not changed its scrap purchasing prices for September transactions.
This week, HMS 80:20 grade scrap is available at SAR 1,475-1,500/tonne ($393-400) in Jeddah, SAR 1,600-1,630/t in Riyadh, and SAR 1,650-1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous