18
May
01:00
Saudi scrap demand growth seen continuing at slower pace
Demand for scrap in Saudi Arabia will likely continue to grow after 2016, driven in part by a large number of small-scale induction furnace-based mills in the country. The current situation of some steelmakers preferring to source billet and iron ore over scrap, meanwhile, is “reactive” and unlikely to last for long, according to Ismail Al-Sulby, general manager longs at Sabic.
Saudi scrap demand is forecast at 4 million tonnes in 2015 and 4.4mt …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous