02
Jun
14:17
Low rebar sales sour billet appetite in GCC
The Gulf Cooperation Council billet market is quiet due to low rebar demand. Induction furnace-route merchant billet producers are bemoaning a lack of demand and integrated mills’ billet sales to the local and export markets, Kallanish observes.
This week, Russian billet offers are hovering at $660-665/tonne cfr GCC. If Turkish mills' scrap procurement remains at below $440/t cfr Turkey levels, Russia-origin billet sales volumes may reduce to Turkey…
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Anonymous
Very good overview of the weekly steel market.
Anonymous