03
Aug
12:58
Low demand, Iranian offers drag GCC billet prices
Low demand and decreasing Iranian billet prices are pulling down local billet prices in the Gulf Cooperation Council market, Kallanish observes.
This week, Iranian merchant billet offers, delivered to buyer's yard in Oman and United Arab Emirates, dropped to $500/tonne and below from last week's $525-530/t for August deliveries. Oman's electric arc furnace route integrated mill's wire-rod grade billet offer has inched down to $535-540/t f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous