07
Sep
15:44
MENA billet market sees price volatility
The Middle East and North Africa billet market is seeing volatility this week. The billet tender for 30,000 tonnes launched by Iran’s Chadormalu was cancelled on Wednesday for an unknown reason, but sources in Iran confirm the highest bid was at $450/tonne fob for prompt shipment.
In Oman, United Arab Emirates, Bahrain and Saudi Arabia, there is contradicting sentiment in each market, Kallanish notes.
The most promising billet market in the G…
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Anonymous
Very good overview of the weekly steel market.
Anonymous