20
Jul
14:29
GCC billet prices fall, Saudi demand slightly improves
Billet prices are falling in the subdued Gulf Cooperation Council markets; however, in Saudi Arabia, demand is slightly improving amid merchant billet producers' low scrap stocks, Kallanish learns.
After the long Eid holiday – 30 June-16 July – Saudi merchant billet producers are observing slightly better demand than the pre-holiday period, and induction furnace billet prices are unchanged, pegging at SAR 2,200-2,250/tonne ($586-600) ex-works.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous