21
Jun
12:15
Saudi merchant billet producers eye price increase
Saudi Arabian merchant billet producers have increased their target prices after scrap dealers withheld their supply to elevate their quotes, Kallanish notes.
Last week, a Riyadh-based mill sold 3,000 tonnes of 130mm 4sp billet to Jordan at SAR 1,800/tonne ($480) ex-works. Another Riyadh-based mill concluded a deal with a re-roller in United Arab Emirates for 130mm 3sp modified billet at SAR 1,850/t ex-works. The UAE re-roller also booked 130mm 3sp modified billet…
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Anonymous
Very good overview of the weekly steel market.
Anonymous