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 - 12 m
Edge Length1: 100 - 150 mm
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Length: 6 - 12 m
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