Billet import activity quiet in UAE and Oman, Saudi Arabia seeks to buy
The domestic billet trade in the GCC region has been slow recently, mainly due to the imbalance between bids and offers.
The domestic billet trade in the GCC region has been slow recently, mainly due to the imbalance between bids and offers.
During the week ending January 7, average prices of pre-painted galvanized iron (PPGI) in the Chinese domestic market have decreased.
Turkish suppliers are aiming to maintain their long steel export prices for now and are taking their time until the New Year holiday season is over.
Following the latest scrap bookings to Turkey at higher prices, foreign scrap suppliers have increased their offer prices to Pakistan.
At least one large wire rod seller has cut its prices for Southeast Asian buyers in early January.
Ex-India pellet export prices suffered small setbacks early in the current week amid concerns over narrowing margins due to finished steel prices.
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