24
May
01:00
Omani steelmaker turns to billet imports on costly scrap
Sohar Steel has idled its electric arc furnace and switched to producing rebar using imported billet. This is due to the current high price of scrap making it financially more viable to use billet produced from iron ore, an official at the Omani steelmaker tells Kallanish.
The continued divergence between iron ore and scrap prices has seen EAF mills in Turkey – the world’s largest scrap importer – procure more China-origin billet to offset …
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Anonymous
Very good overview of the weekly steel market.
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