30
Nov
14:20
Saudi billet prices slide against high scrap quotes
Saudi Arabia's merchant billet producers are squeezed between sliding billet quotes and the benchmark mill's decision on Wednesday to keep its December scrap purchasing price unchanged from November.
The decision has been welcomed by scrap traders but disappointed scrap buyers and merchant billet producers, Kallanish notes.
Until a new instruction is issued, the benchmark mill has set its purchasing prices for HMS 1/2 80:20 at SAR 1,580/tonne ($421.3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous