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31 Jan

Saudi scrap-rebar price differential widens

Saudi Arabia's benchmark mill has kept its scrap purchase prices for February transactions unchanged from January. It has thus maintained a differential of almost SAR 700/tonne ($187) between scrap purchase prices and its February delivered rebar sales prices of SAR 2,350/t, following a SAR 25/t increase on January, notes Kallanish. The Jubail-based benchmark mill has maintained its domestic scrap purchase prices at SAR 1,670/t for premium, SAR 1,645/t for shr…
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