27
Sep
16:12
Billet market, prices improve in GCC
Billet demand in United Arab Emirates has improved slightly, with a few bookings completed this week from Oman and domestic suppliers, notes Kallanish.
A re-roller in Abu Dhabi booked almost 5,000 tonnes of 150mm 3sp (rebar grade) billet at $528/tonne ex-works from a local induction furnace-route producer for immediate shipment. In contrast, another re-roller in Dubai booked almost the same quantity of 150mm 3sp modified (higher-manganese) billet from Oman a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous