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28 Nov

Higher Russian billet export quotes encounter buyers’ hesitation

Russian mills have sold out December-shipment billet and increased prices, while foreign customers are hesitating to consider second-half-of-January shipment, as the price uptrend is not guaranteed to extend into next year, market participants inform Kallanish. The strengthening of the rouble, coupled with export duty, continue to impede Russian exports. With the gap being wide between buyers’ and sellers’ price expectations, the market was quiet on Tu…
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