18
Aug
16:04
Black Sea billet prices resist pressure to decline
The Black Sea billet export market remains stagnant, battling downward price pressure, despite the earlier scrap price rebound in Turkey and sellers' attempts to lift offers ten days ago.
Amid ample availability, Russian billet offers are at $550-570/tonne cfr Turkey and $590-600/t cfr Egypt. But buyers are sitting on the fence after restocking in late July and early August at lower prices, prior to the scrap rebound, Kallanish observes. Despite these of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous