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06 Dec
16:41

Rare matching bids, offers buoy CIS billet market

Black Sea billet exporters have returned to the market in order to close some of their January-casting books, but as was expected, they were forced to sacrifice on their price ideas. Lower-priced, bid-level offers were made and achieved sales, but plenty of January-casting tonnage is still left to close with more trade anticipated this week, traders tell Kallanish. A Ukrainian supplier sold around 40,000 tonnes of billet in North Africa, replying to bids…
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