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18 Apr

Italian billet prices stabilise on low imports

Offer prices for imported billets from the Black Sea region are steady week-on-week in Italy as the wait-and-see attitude adopted by both local buyers and Mediterranean area purchasers continues, sources tell Kallanish. Billets from the Black Sea into Italy were being offered at the end of March at $530/tonne ($428.4/t) fob, or $550/t cif. To meet Italian buyers’ expectations, this has to drop to €530-540/t cif. However, no orders have been regis…
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