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30 Nov

Black Sea billet follows scrap upwards

The Black Sea billet market continues readjusting amid the ongoing rise in Turkish scrap import prices, which is also pushing up sales prices of finished products. Depending on the ongoing scrap market dynamic, Turkish producers may end up with a cost-push squeeze, as the potential for finished product price hikes is largely considered as limited, market participants tell Kallanish. Turkish rebar sellers, not unexpectedly, have a relatively la…
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