04
Jan
15:06
UAE, Oman billet remains stable despite DRI increase
The Oman and United Arab Emirates local billet markets are stable, but imported billet offers have increased in the new year's first week. In UAE, direct reduced iron and domestic scrap prices, as well as imported billet offers have increased slightly, Kallanish notes.
DRI prices increased in the merchant market and sellers elevated their offers to $377-380/tonne ex-works. DRI producers’ primary benchmark, the pellet premium, has decreased…
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Anonymous
Very good overview of the weekly steel market.
Anonymous