25
Sep
12:55
GCC mills eye Far East longs market deals
Gulf Cooperation Council producers have long had their eye on the Far East long steel market, although purchase prices there are low. Domestic demand in the GCC, apart from United Arab Emirates, is subdued and mills therefore have to search for export deals despite the low prices, notes Kallanish.
An offer was finally translated into a deal last week for 50,000 tonnes of Qatar-origin rebar at around $525-530/tonne cfr Singapore theoretical weight for late-October/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous