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31 Aug
10:19

GCC buyers monitor Iranian mill's billet tender

Following the price fall in Gulf Cooperation Council (GCC) rebar markets, discounted Iranian billet is one of the best options for the region's squeezed re-rollers. Major Iranian billet producer Chadormalu has launched a billet tender, a one-stage process to be closed on 6 September. Following the tender, the electric arc furnace-route steelmaker's 30,000-tonne cargo of 150mm 3sp grade billet will be scheduled for shipment in the second half of S…
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