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12 Jul
14:50

GCC billet market dull, prices tend to slide

The Omani and Emirati merchant billet producers have observed enquiries dry out. Imported and local billet prices are both sliding, notes Kallanish. In Oman, the electric arc furnace-route merchant billet producer and country's benchmark mill is targeting August-readiness 150mm 3sp billet quotes at $520/tonne ex-mill and $525/t fob, respectively. Both mills have no July shipment availability. Iran-origin, August-delivery 150mm 3sp/modified billet is available …
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