Tag: Middle-East based mills book over 100

Middle-East based mills book over 100,000 t billets for exports as Ramadan subdues local demand

Apr 23, 2021

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by

Pranjal Markale

in Billet

The Middle-East based mills reported having sold over 100,000 t billets in China in the price range of $640-650/t, CFR for May ’21 shipments. These deals have been reported from Qatar, Kuwait, Oman, and Muscat in the last week. Amid Ramadan, the local demand remains subdued. However, increased Chinese bids amid rising Chinese rebar futures…