Price Updates
5 min read
Iron & Steel Scrap Market Analysis 2026
OG
Outscene Global Experts
Industry Insights
Ferrous metals make up the largest volume of scrap globally. In Saudi Arabia, mega-projects have created a closed-loop demand for structural steel, rebar, and HMS (Heavy Melting Steel).
Prices for HMS 1 (heavy, clean steel) remain highly competitive. We are seeing industrial facilities liquidating obsolete machinery and benefiting from bulk pricing. If you have tonnage exceeding 5,000 kg, you qualify for our premium commercial rates and free heavy-duty logistics pickup.
Key Takeaways
- Mega-projects drive local demand.
- Bulk shipments over 5 tons get premium rates.
- HMS 1 is the most profitable ferrous category.
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