29
Dec
12:08
Oman, UAE billet markets observe price hike
Iranian 150mm 3sp billet offers for February delivery to United Arab Emirates and Oman at $540-550/tonne with 25% advance payment are concerning rebar re-rollers.
Moreover, Iranian billet producers have extended their closing date for billet tenders to secure higher prices. Bidders are thus concerned about supply shortages. Traders and stockists expect further price increases and are seeking alternatives in India and other countries, Kallanish notes.
"In th…
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Anonymous
Very good overview of the weekly steel market.
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