25
Oct
14:24
Saudi west coast scrap prices decline
Saudi Arabia's west coast scrap prices are trending down after the largest scrap buyer cut its domestic scrap purchase prices, notes Kallanish.
In Jeddah this week, delivered domestic scrap prices are at SAR 1,500-1,510/tonne ($400-403) for bundled rebar, SAR 1,450/t for oversize rebar, SAR 1,420/t for premium (PNS) and SAR 1,400/t for HMS 1/2 80:20 grade. In Riyadh, HMS 1/2 80:20 is priced at SAR 1,450-1,470/t, and in Dammam at SAR 1,470-1,500/t, both de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous