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Correction to steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia

Fastmarkets has corrected its price assessment for steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia, riyals/tonne, which was published incorrectly on Tuesday January 20 due to a reporter error.

January 21, 2026
By Fastmarkets pricing team
Ferrous scrap Pricing notice

The MB-STE-0939 steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia, was published in error as 1,361.52 riyals per tonne. It has been corrected to 1,360.19 riyals per tonne.

Fastmarkets’ pricing database has been updated to reflect this change.

This price is part of the Fastmarkets scrap price package.

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to this index, please contact pricing@fastmarkets.com and metalsrecycling@fastmarkets.com. Please add the subject heading “re: MB-STE-0939 steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.

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