Long steel producers in the UAE indicate that they cannot cope with weakening local demand and major mills' low-priced offers, while Turkish and CIS origin billet offers to the region at the price range of $560-580/mt CFR are too high for them. They also indicate that they have been experiencing difficult times amid declining profit margins.
Long steel mills in UAE reluctant to purchase billet
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Billet
Length: 6 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
MODERN STEEL MILLS
Length: 6 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
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Billet
Length: 3 - 6 m
Edge Length1: 100 mm
Edge Length2: 100 mm
SHATTAF STEEL IND. CO. LLC.
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Edge Length1: 100 mm
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SHATTAF STEEL IND. CO. LLC.
Billet
Length: 3 - 6 mm
Edge Length1: 125 mm
Edge Length2: 125 mm
SHATTAF STEEL IND. CO. LLC.
Length: 3 - 6 mm
Edge Length1: 125 mm
Edge Length2: 125 mm
SHATTAF STEEL IND. CO. LLC.