08
Sep
17:03
Turkish billet trade ramps up, Russian exports quiet
The Black Sea billet export market has livened up with fresh Turkish import and export deals, while Russian billet offers are considered too high for Turkish mills.
Turkish scrap prices continue to soften, having reached $360-365/tonne cfr Turkey, but a 50% power supply hike, translating to around $50/tonne, means Turkish buyers are more likely to opt for lower-priced billet supply, Kallanish observes.
As mills in Turkey and Europe continue to plan and impl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous