24
Jul
14:51
Southeast Asia billet prices weigh on GCC market
Sliding Asia-origin billet prices are dragging down local billet values in the Gulf Cooperation Council, except in Saudi Arabia, notes Kallanish.
Rebar grade (3sp) billet offers from Southeast Asia and China are still available at $500-505/tonne cfr GCC ports for September load-readiness, for a minimum of 30,000 tonnes. More traders are aggressively chasing every potential customer. Meanwhile, local long steel producers in the United Arab Emirates and Oman have in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous