27
Dec
13:38
GCC local, imported billet quotes increase
Billet suppliers in the United Arab Emirates and Oman have increased their offers by $5-15/tonne, while ex-Iran billet hiked by $8-10/t compared to last week. The increase in both local and imported prices in the Gulf Cooperation Council is due to the direct reduced iron cost rise and rebound in long products, notes Kallanish.
An Omani re-roller issued a modified billet purchase enquiry for 10,000 tonnes, for which the local electric arc furnace route-offer is at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous