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05 Jun

Saudi scrap consumers hope for lower domestic prices

Saudi Arabian scrap dealers are concerned about high scrap prices amid high collection costs and low margins. Scrap consumers – merchant billet producers and semi/fully-integrated mills – are meanwhile worried about high scrap buying prices and reduced material supply. From the start of July, once the Eid holidays are over, industry participants wishfully anticipate scrap prices to fall, which may be led by major mills' scrap buying price policies,…
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