08
Mar
12:52
Saudi billet mills eye exports amid weak demand
Saudi Arabian induction furnace-route merchant billet producers are eyeing sales in neighbouring countries Oman, Bahrain and United Arab Emirates amid a subdued domestic market, Kallanish notes.
In the domestic market, induction furnace-route billet is offered at SAR 2,080-2,135/tonne ($555-569) ex-works, with the lower end being in Jeddah and higher in Dammam. However, buyers in UAE are ready to pay $577-583/t ex-works for 10,000 tonnes, for March …
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Anonymous
Very good overview of the weekly steel market.
Anonymous