19
Apr
14:55
GCC billet buyers lower bids, sellers wait
Gulf Cooperation Council billet buyers have lowered their bids on the back of sliding rebar retail prices in the region. However, merchant billet producers are preferring to wait until May-rolling rebar prices surface, Kallanish notes.
This week in United Arab Emirates, a re-roller floated a billet enquiry for 15,000 tonnes of 130mm 3sp (SAE 1018 grade), targeting $565-570/tonne delivered to its yard for prompt shipment. However, loca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous