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End of open consultation on methodology for Saudi Arabia domestic steel scrap index

Fastmarkets invited feedback from the industry on the pricing methodology for its MB-STE-0939 steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia assessment, as part of its annual methodology review process.

April 16, 2026
By Fastmarkets pricing team
Middle East Pricing notice

The consultation, which was open until April 8, 2026, sought to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

The price under review was:
MB-STE-0939 Steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia, riyals/tonne

During the consultation period, Fastmarkets did not receive any feedback.

Beyond this open consultation, Fastmarkets also invites feedback on a continuing basis throughout the year.

Please contact pricing@fastmarkets.com and metalsrecycling@fastmarkets.com. Please add the subject heading “re: Saudi Arabia domestic scrap pricing methodology.” Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

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

The consultation said a decision notice would be published by April 15, but this was not published until April 16 due to editor availability.

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