03
Nov
10:02
Imported billet offers pressure local prices in GCC
The Gulf Cooperation Council's domestic billet market is seeing no improvement due to the low imported offers backing on softening sea freight prices and lacklustre demand in South East Asia and China. Iran's largest semis market, China, and South East Asia offer billets to the GCC market close to the Iranian CFR billet prices. Local billet producers in Bahrain, the United Arab Emirates, and Oman, targeting $530-540/tonne delivered, have received …
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Anonymous
Very good overview of the weekly steel market.
Anonymous