09
Aug
15:04
UAE scrap prices trend up, billet steady
The fully integrated benchmark mill in the United Arab Emirates drastically increased its scrap buying quotes amid abundant supply in the country, since exports are minimal.
Induction furnace-route billet producers may be forced to increase their procurement quotes since scrap traders intend to supply lower tonnages in order to increase their average sales price, Kallanish notes.
In UAE this week, the benchmark mill set its scrap buying price at AED 1,125/tonne (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous