Posted on 04 Dec 2025
Omani electric arc furnace-route producers have increased their offers for 130/150mm 3sp (commercial grade) billet by $5-8/tonne in the United Arab Emirates market, now targeting $486-490/t delivered. This is up from November’s $480-482/t transaction levels, Kallanish confirms from market sources.
Last week, two separate buyers – rebar re-rollers in UAE – concluded ex-Oman billet bookings. One was for 5,000 tonnes of 130mm 5.85-metre billet at $482-483/t cpt and the other for 7,500t of 150mm 12m material at $485/t cpt for second-half December delivery.
This week, market participants indicate the Qatari major has not allocated billet to the merchant market for the first quarter of 2026, thereby tightening supply across the GCC.
Last week, the Bahraini supplier also raised its domestic delivered price by $3/t month-on-month to $495/t, against LC 60 days.
Two major UAE rebar re-rollers reported receiving unsolicited Far East billet offers for 150mm 4sp (0.6% Mn) at $472-474/t cfr from Indonesia for March loading, and at $472/t cfr liner-out for a 50,000t lot from China. Trading-side sources believe the recent $5-8/t week-on-week surge in Far East prices will consolidate for two weeks, with clearer market levels expected to emerge in the second half of December.
"The local market in China is weak and, after the price increase, export markets retreated as well. In two weeks, the realistic price level will settle," comments a senior trader.
The local UAE scrap market remained subdued due to a two-day holiday this week, with administrative operations resuming only on 3 December. Prices were unchanged week-on-week:
Source:Kallanish
