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07 Nov

Russian billet export prices follow scrap upwards

Russia’s billet export market remains quiet with producers following the increases in imported scrap values in Turkey, market participants inform Kallanish. Russia-origin material for December shipment was available for foreign buyers at slightly above $480/tonne fob Black Sea, according to a trading source. A spot deal last week was reported at $508/t cfr Turkish Black Sea ports for 5,000 tonnes of billet for prompt shipment. At the same time, some market …
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