28
Sep
14:21
GCC billet prices soften on imported quotes
Imported offers from Iran, the Far East and Australia are supressing local electric arc furnace billet prices in the Gulf Cooperation Council.
The scrap export ban in United Arab Emirates, the bloc’s largest steel market after Saudi Arabia, is pressuring local scrap prices, thereby resulting in reduced induction furnace billet prices in the country, Kallanish notes.
This week, re-rollers in UAE are observing price offers from local and neighbouri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous