29
Mar
14:38
GCC billet prices slide on poor sentiment
Gulf Cooperation Council billet tags are sliding amid negative sentiment.
Last week, a 10,000-tonne of 150mm modified 3sp grade billet enquiry translated into a deal in Oman at $605/tonne delivered to buyer's yard for April shipment. Oman's largest producer, Jindal Shadeed, is fully booked for April and expected to reduce its billet target price to $600/t fob levels for May shipment. The company could not induce interest at $625-627/t fob from an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous