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24 Feb
13:21

GCC mills halt rebar offers as billet hikes

In Gulf Cooperation Council countries, some mills have halted rebar sales and adopted a wait-and-see policy as their feedstock inventory is depleting. Sales are expected to resume on the coming Sunday or Monday. Saudi billet producers are receiving numerous inquiries from the domestic market and regional countries but they are only selling limited quantities, in preparation for a price increase, sources inform Kallanish. Billet shipments from the CIS to North Afri…
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