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15 May

Saudi billet mills eye pooled scrap imports, HBI

The situation at Saudi Arabia's semi-integrated mills is becoming increasingly urgent. Local scrap supplies are dwindling and prices are soaring. To address this, mills are considering importing steelmaking raw materials in bulk to be split between multiple buyers, which could help stabilise the market. They are currently inviting bids for imported scrap and evaluating hot-briquetted iron imports, aiming to alleviate the expected shortage before the start of t…
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