01
Mar
14:43
UAE sees billet shortage, hiking scrap
The shortage of Iranian-origin billet in the United Arab Emirates market and Emirates Steel Arkan's increased scrap intake from the domestic market are elevating scrap and billet quotes, notes Kallanish.
This week, ESA is buying HMS 80:20 grade scrap at AED 1,520/tonne ($414) delivered, which is in fact the price quoted in the market for 90:10 grade. Premium quality is meanwhile at AED 1,550-1,560/t delivered in UAE. Small mills pay cash for scrap, w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous