29
Jun
13:34
Discounted import prices pressure GCC billet suppliers
The Gulf Cooperation Council billet market is under pressure from imported billet and declining rebar prices.
Iranian and Russian billet offers through traders are below local merchant billet producers' cost levels, and mills inched down their rebar quotes for July deliveries to AED 2,350-2,380/tonne ($640-648) from last Monday's offers at AED 2,415-2,430/t. Inland transportation is included in the prices – which are typically ex-works…
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Anonymous
Very good overview of the weekly steel market.
Anonymous