11
Oct
13:50
Middle East billet market remains steady for now
The Middle East semi-finished product market is steady, with prices unchanged from last week. However, participants are cautiously monitoring the war between Israel and Hamas, stressing that it could lead to a severe humanitarian crisis, rising oil prices, increasing global inflation and impact on fragile commodities trade.
Starting from the United Arab Emirates, domestic market scrap prices fell by AED 35-40/tonne ($9-11) on-week due to reduced scrap demand pull …
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Anonymous
Very good overview of the weekly steel market.
Anonymous