26
Oct
12:33
GCC billet market stable, UAE prices increase gently
In the Gulf Cooperation Council, billet prices are unchanged from last week's quotes except in the United Arab Emirates. UAE billet prices are ticking up gently, aligning with a rebar price increase by $10/tonne for November deliveries announced last Thursday by the benchmark mill, Kallanish notes.
In UAE, induction furnace-based merchant billet producers and an unconventional billet supplier have lifted their target prices. An unconventional electric arc furn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous