27
Oct
15:27
Black Sea billet slides, challenged by additional supply
Black Sea billet prices remained under pressure throughout the week, as general supply levels have been rising, while demand remained constrained. Suppliers reduced prices as a result, in a move to attract buyers, but their efforts were only partially successful, Kallanish observes.
The supply/demand balance has shifted as Chinese billet emerged in the market, as was expected, at relatively low prices. The easing of Iranian export restrictions has also added …
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Anonymous
Very good overview of the weekly steel market.
Anonymous