03
May
14:58
UAE scrap quotes slide, billet under pressure
Scrap and billet quotes are sliding in United Arab Emirates, driven by the sudden long steel price drop that occurred this week in Saudi Arabia.
This week, an unconventional UAE billet supplier, the nation’s sole fully integrated mill, offered electric arc furnace-route billet at $590/tonne ex-works, while induction furnace billet producers set their billet tags at $560-580/t ex-works. Both are for May shipment. However, buyers' firm bids are at aro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous