19
Oct
12:19
GCC billet prices slide, Iranian ticks up
The Gulf Cooperation Council billet market is seeing prices soften. However, Iranian mills managed to elevate their billet prices during the latest round of sales, Kallanish notes.
In United Arab Emirates, induction furnace billet producers reduced their target prices this week to $520/tonne ex-mill from last week's $530-537/t ex-works. This is mainly due to the slow demand experienced each month before market maker Emirates Steel Arkan (ESA) announces i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous