27
Jul
14:59
Falling longs prices pressure GCC billet market
Gulf Cooperation Council billet prices are under pressure from falling rebar and Iranian billet prices amid a subdued market, Kallanish notes.
This week in Iran, Khorasan Steel Complex (KSC) concluded a 25,000-tonne billet tender at $460-465/tonne fob Iran for mid-September readiness. Last week, the country's sole blast furnace route steelmaker Esfahan Steel Company (ESCO)'s billet tender was concluded at $490/t fob. ESCO receives a premium of $2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous