10
Mar
11:32
GCC billet producers withhold offers, supply small quantities
Gulf Cooperation Council billet producers are withholding price offers in anticipation of further price increases. This is in line with the global upward trend in scrap, billet and rebar prices triggered by Russia’s invasion of Ukraine, which is fuelling market uncertainty, Kallanish notes.
“Since 2008, we haven’t experienced such volatility. My credit line for my regular 10,000-tonne billet procurements at lower tags will not be enough for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous