19
Oct
09:41
GCC mill concludes rebar deal in Far East
Gulf Cooperation Council rebar producers are focusing on sales to the Far East market and benefitting from their cost advantage against Turkish mills. GCC mills have not found sufficient demand from Europe, despite having had high expectations, Kallanish observes.
Last Thursday, an Omani electric arc furnace mill, producing rebar through direct reduced iron, concluded a rebar deal for 25,000 tonnes with the leading stockist in Singapore at $575…
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Anonymous
Very good overview of the weekly steel market.
Anonymous