06
Sep
15:35
GCC integrated mills lower billet quotes amid pressure
Weak demand for rebar in the Gulf Cooperation Council's traditional export markets has led integrated mills to lower their billet prices and become more willing to negotiate, notes Kallanish.
This week in Oman and United Arab Emirates, billet enquiries and sold volumes have increased slightly, but buyers are getting the best prices from the Omani integrated mill or Iranian billet suppliers. Merchant billet producers in UAE are targeting $530/tonne ex-works, wh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous