21
Dec
14:39
Oman, UAE billet markets await rebar prices
United Arab Emirates and Omani billet market participants are pre-occupied with low local demand, increased Iranian billet quotes to $500/tonne cfr for February shipments, and the upcoming rebar price announcement for January rolling, Kallanish notes.
In Oman, a major producer increased its target 150mm billet price for all grades to $550-555/t fob, or delivered within the country or to buyers in near proximity in UAE. However, a merchant electric arc furnace-rout…
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Anonymous
Very good overview of the weekly steel market.
Anonymous