Qatar Chamber discusses fair pricing for scrap materials in local market
October 10 2020 08:14 PM
Qatar Chamber board member Mohamed bin Ahmed al-Obaidli, who is also head of Food Security and Envir
Qatar Chamber board member Mohamed bin Ahmed al-Obaidli, who is also head of Food Security and Environment Committee, joins other members of the panel to discuss issues affecting the scrap industry.

Qatar Chamber’s Environment Committee has held a meeting with representatives of scrap companies to learn about the challenges the industry is facing, and to address concerned bodies for inclusive solutions.
The meeting was led by Qatar Chamber board member and head of Food Security and Environment Committee Mohamed bin Ahmed al-Obaidli, and saw the participation of many owners and directors of companies working in scrap metals.
The meeting addressed obstacles facing scrap companies, such as the significant difference of selling prices between exported scrap and those that are set by local factories that led to substantial losses for some of these companies due to the lack of competitiveness between local factories.
Similarly, it also discussed the difficulty of determining the quality of scrap until setting prices that are acceptable to all. The participants stressed the importance of enabling competitiveness in the scrap sector and allowing scrap companies to export their trade.
They also called for enhancing co-ordination between the chamber, Ministry of Commerce and Industry, Ministry of Municipality and Environment, and General Authority of Customs regarding exports after meeting the needs of local factories.
Al-Obaidli said achieving local self-sufficiency is “a national priority.” He affirmed that before allowing companies to export, it is essential to identify the size of the scrap of each item and the capacity of the scrap processing plants.
He also said setting fair prices will safeguard the interests of commercial and industrial sectors, and called on scrap companies to intensify in manufacturing to achieve added value for the national economy.
Al-Obaidli noted that the meeting recommended the importance of setting prices that are acceptable by all parties through a fair mechanism for factories to purchase raw materials from companies during a certain period. He urged companies to address Qatar Chamber on their suggestions so that it can raise them to the competent authorities.
He affirmed that the chamber would submit a proposal for a proposed mechanism to determine prices for domestic sale of scrap according to scientific and professional standards and the use of information technology with full transparency, taking into account global prices, the purity of items, and quality of delivery that all concerned parties agree on.

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