26
Jul
15:07
GCC billet market stable, UAE sees scrap shortage
Billet markets across the Gulf Cooperation Council have been stable despite opposing trends in the Far East and Western hemisphere.
During the week, while billet prices gained $10/tonne in the Far East, HMS 80:20 scrap prices reduced to $346/t cfr Turkey for a UK-origin cargo, notes Kallanish.
In United Arab Emirates, billet producers and semi-integrated mills are observing scrap scarcity amid the benchmark mill's domestic scrap buying price increase, i…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous