26
Jun
15:47
Far East billet prices attract MENA buyers
Middle East and North Africa billet buyers have redirected their attention to the Far East due to workable prices there. In Iran, due to power shortages and the unfavourable “Nima” exchange rate reducing margins for exporters in Iran, export allocations are limited, Kallanish notes.
This week, rebar re-rollers in the United Arab Emirates are receiving unsolicited offers for rebar grade 3sp billet, ex-China at $510-515/tonne cfr Abu Dhabi (liner out) an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous