14
Mar
14:44
GCC traders offer competitive Asia billet, depress prices
Traders in the Gulf Cooperation Council are offering Southeast Asian-origin 150mm 3sp billet with attractive quotes of $535-540/tonne cfr GCC, which are pushing local billet prices down $5-10/t on-week to $525-540/t ex-works.
GCC mills, which managed significant rebar exports to Hong Kong and Singapore in 2022 and 2023, are receiving rebar enquiries from Southeast Asia with a target price of $490/t fob GCC. The mills plan to increase billet allocation to achieve b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous