12
May
13:52
Prices drop further in subdued GCC billet market
Gulf Cooperation Council billet market activity is frozen, with buyers withholding enquiries knowing that prices will slide further. Imported billet prices are available at $690-710/tonne cfr GCC, Kallanish observes.
In United Arab Emirates, 150mm 3sp modified billet offers have softened to $690-710/t cfr UAE for Iranian material and $730-740/t landed for Omani electric arc furnace billet for prompt shipment. Russia-origin billet for June shipm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous