12
Apr
15:27
GCC billet quotes slide on low demand
Gulf Cooperation Council billet producers have lowered their target prices $10-20/tonne on-week. Mills are receiving almost no enquiries for billet or long products, Kallanish learns.
This week, electric arc furnace-route longs makers in Oman are offering May-shipment, 150mm 3sp billet at $575-590/tonne delivered within the country or fob main Omani ports.
A modified (special grade) 150mm billet enquiry has been tabled at around $575-580/t delivered. Iranian…
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Anonymous
Very good overview of the weekly steel market.
Anonymous