05
Oct
14:51
GCC billet market stable, buyers’ bids remain low
The Gulf Cooperation Council billet market is stable this week. The billet deal concluded mid-last week in United Arab Emirates between an unconventional billet supplier and re-roller at $520/tonne ex-works for 20,000-25,000 tonnes has set a reference price in the bloc for negotiations, Kallanish observes.
In Iran early this week, meanwhile, an electric arc furnace billet deal concluded at $460-462/t fob Bander Al Abbas for 25,000-30,000t, an insider reveals.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous