15
Nov
16:44
Black Sea billet remains steady amid scrap pressure
Black Sea billet trade continued to lull over the past week, with just a few offers indicated by Russian suppliers, amid buyers' hastening retreat, Kallanish observes.
The Turkish market continues to undergo a ferrous scrap price correction, sending buyers' bids further south. From last week, when lower scrap prices forced domestic billet values down by around $40/tonne to $553-560/t ex-works, the pace of trading has slowed, amid sufficient restocking. At …
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Anonymous
Very good overview of the weekly steel market.
Anonymous