27
Mar
14:23
GCC billet market activity pauses amid Indonesia-origin quotes
The Gulf Cooperation Council billet market is on hold as rebar trade is muted due to Ramadan and negative global sentiment, while the region is receiving attractive Indonesia-origin billet quotes, notes Kallanish.
In the United Arab Emirates, a rebar re-roller was offered 30,000 tonnes of ex-Indonesia rebar grade (3sp) billet at $530/tonne cfr (liner out) for May shipment/June arrival, down from $538/t cfr two weeks ago. With a firm bid, the offer could lead to a …
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Anonymous
Very good overview of the weekly steel market.
Anonymous