10
Nov
12:03
Oman-origin billet imports squeeze Saudi producers
Low-priced billet imports into Saudi Arabia from Oman are concerning Saudi merchant billet producers.
Imports of 150mm 3sp grade billet from Oman, excluding import duty, are concluding at $505/tonne ex-works Oman, or $522/t (SAR 1,957.5) delivered by road to Jeddah and Riyadh.
Including a 10% import duty imposed on imports from Gulf Cooperation Council countries, the price equates to SAR 2,153.2/t delivered, which is SAR 47-72/t lower than local me…
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Anonymous
Very good overview of the weekly steel market.
Anonymous