20
Jul
17:00
Black Sea billet follows scrap down
Black Sea billet trade resumed timidly after the Turkish market returned from its ten-day holiday, amid a weakening billet price dynamic in all other major billet trading regions, Kallanish observes.
The rebound in Russian offers on the back of recovering Turkish scrap import prices two weeks ago did not stick, and offers were already lower by the end of last and this week, by about $5-10/tonne. While offers ranged at $615-625/t cfr Turkey about ten days ago, they…
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Anonymous
Very good overview of the weekly steel market.
Anonymous