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28 Jul
16:48

Black Sea billet prices continue to slide

The Black Sea billet export market is suffering from excess availability and buyers' reluctance to commit to trading. This is underlined by the ongoing softening of finished product and scrap prices in all major regions, and a plethora of competitive offers from non-sanctioned suppliers, market participants tell Kallanish. The short-lived rebound in Turkish scrap prices and Russian billet offers has been replaced with lowering scrap prices, forc…
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