19
Jul
15:21
GCC billet market stable, scrap registers supply shortage
This week in United Arab Emirates, billet quotes are unchanged from last week, but scrap supply is short. Scrap traders are holding onto their stocks and supplying lower-than-usual quantities to their clients, to leverage price increases.
Scrap dealers are being informed that the benchmark mill could increase its scrap purchase volumes imminently; no one knows precisely when, however, Kallanish notes.
In the domestic market, delivered HMS 80:20 grade scrap,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous