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31 May

Hadeed reduces scrap buying price, domestic values stable

Saudi Arabia's largest scrap consumer, the benchmark mill, has reduced its scrap buying prices by SAR 50/tonne ($13.3) on-month for June transactions. The drop has hardly affected the scrap market, Kallanish observes.  In May, the benchmark mill's delivered scrap purchasing price for HMS 1 80:20 grade was at SAR 1,650/t, sheared-shredded at SAR 1,695/t and PNS (premium) at SAR 1,720/t.  Throughout May, Al Rajhi in the west was ready to buy HMS 8…
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Burak Odabasi  |  Turkey
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