Posted on 11 Dec 2025
Domestic billet prices in the United Arab Emirates remain under pressure as local mills are well covered with sufficient inventories.
Qatar Steel FZE booked 10,000 tonnes of billet in mid-November for prompt delivery from the merchant market, but the parent company plans to supply billet directly from Qatar in the first quarter of 2026. This will keep the long steel re-roller largely out of the spot market, Kallanish notes.
Union and ASAS are reported to be covered until the end of March and are expected to issue new enquiries in January. Both mills continue to track Far East billet price trends closely.
Local induction furnace-based merchant billet producers, as well as Omani EAF suppliers, are targeting $485-492/t delivered for 130/150mm 3sp billet. However, buyers remain reluctant to accept prices above $480/t delivered, a supplier says.
Far East billet pricing has been volatile this week, with Chinese commercial grade 150mm 3sp offers on Wednesday at $433-435/t fob for February loading, and Indonesian offers at around $437/t fob for March loading. Market participants expect pricing to stabilise at the start of next week.
Scrap prices remain unchanged (see below), while local buyers have gradually resumed purchasing activity.
Source:Kallanish
