03
Jan
14:21
GCC billet prices surge over robust demand
Gulf Cooperation Council long steel producers are seeing robust demand for billet from domestic and export markets.
Mills in United Arab Emirates and Oman have raised their target prices for billet by $10-15/tonne versus December, while February-shipment ex-Iran 3sp offers are heard in Oman at $520-525/t cpt for 130/150mm and $532/t cpt for 100mm, notes Kallanish.
Last week, an Omani sections producer booked 20,000 tonnes of 150mm 3sp modified billet at around $5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous