04
Oct
14:47
Saudi scrap supply eases, prices hold
Saudi Arabian scrap supply has improved and merchant billet producers can easily get enough material, market participants tell Kallanish. Scrap collectors have access to Aramco's high-thickness steel pipe scrap, which has boosted prime quality material availability in the merchant market.
This week in Saudi Arabia, merchant billet producers are quoting domestic enquiries for 130mm 4sp billet at SAR 1,930-1,950/tonne ($515-520) in Dammam and SAR 1,960-1,972/t i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous