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24 Jan

Scrap shortage hits Saudi Arabia's east coast mills

Saudi Arabia's largest steel producers, the country's largest scrap consumers, as well as merchant billet producers in Jubail and Dammam are experiencing a reduction in scrap supply, due to seasonal reductions in scrap collection. Scrap suppliers in the area have slightly increased their purchase prices to supply adequate quantities to their mill customers, which has coincided with the Dammam-based integrated mill increasing its scrap purchase price, note…
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