21
Apr
13:00
Billet deal sets benchmark price in GCC
A recently concluded deal sets a benchmark in the Gulf Cooperation Council billet market; sellers are chasing buyers (re-rollers) to bag an order, Kallanish notes.
In the United Arab Emirates, an electric arc furnace route mill sold 20,000 tonnes of billet to a re-roller heard at $770/t ex-mills, for May shipment. Local induction furnace merchant billet producers set their target price at $760-770/t ex-mills, whereas Omanese electric arc furnace mill's 150mm 3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous