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12 Jun

GCC buyers float billet enquiries

Billet enquiries are floated in the United Arab Emirates and Oman this week. Due to increased electricity tariffs in Oman between 1 p.m. and 5 p.m., local producers cut production but kept prices flat, Kallanish observes. In Oman, one re-roller placed an enquiry for 10,000 tonnes of 3sp modified billets for July delivery. In the UAE, re-rollers issued enquiries for over 30,000 tonnes. In UAE, a small package (2,000t) of induction furnace route rebar gra…
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