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29 Mar

Billet prices fall in Mediterranean region

Offers for imported billet from the Black Sea region are falling week-on-week in Italy as both local buyers and Mediterranean area purchasers have adopted a wait-and-see attitude over the past month, sources tell Kallanish. Until the beginning of last week, billet from the Black Sea into Italy were being offered at $575-585/tonne cif. Prices have lost around $30/t week-on-week and are now at $530/t fob, or $550/t cif. Italian buyers expected this drop and some b…
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