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Monday, October 20, 2025 10:45 GMT
Saudi Arabia is set to create a national company to import scrap metal as it seeks to bolster a sector which has SR60 billion (US$15.9 billion) worth of investment opportunities. Speaking at the third Saudi International Iron and Steel Conference in Riyadh, Minister of Industry and Mineral Resources Bandar Alkhorayef said the Kingdom wants to boost local manufacturing and curb import reliance. He said the ministry had assessed the market to address supply gaps and enhance local production of...More