17
May
15:14
Local billet quotes slide in UAE, Oman
United Arab Emirates scrap prices have softened further this week because major scrap export destination India halted clearing UAE-origin material until authorities there finalise their investigation. The UAE benchmark mill meanwhile significantly reduced scrap purchase quantities.
UAE's domestic induction furnace-route billet producers have therefore decreased their target prices by $15-20/tonne on-week for 130/150mm 4sp grade to $530-540/t ex-works, which is…
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Anonymous
Very good overview of the weekly steel market.
Anonymous