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21 Feb

GCC billet prices stagnate, rebar price announcement awaited

Integrated long producers in the United Arab Emirates, Oman and Bahrain are holding their 150mm 3 sp billet prices steady at $540-550/tonne fob with limited allocation in March, while induction or electric arc furnace billet producers are holding their March shipment prices at $545-555/t ex-works for 100-130mm 3sp, Kallanish observes. The benchmark UAE mill will shape billet tags for March shipments with its March rebar price announcement, likely to be made in a f…
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