24
May
13:30
Saudi billet prices slide over low demand
Saudi induction furnace-route merchant billet producers have lowered their price offers SAR 25-50/tonne ($6.6-13.3) on-week due to low demand. Scrap prices dropped SAR 30/t on-week, particularly in the Riyadh district, Kallanish notes.
This week, IF merchant billet producers are offering 130/150mm 3sp modified/4sp billet at SAR 1,775-1,825/t ($460-486) ex-works in Riyadh and Jeddah, and at SAR 1,837-1,895/t ($490-505) ex-mill in Dammam. The mills are observin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous