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19 Apr

Russian billet exporters continue facing tough competition

Russian billet producers continue reporting intense competition, particularly from aggressive Asian suppliers, Kallanish notes. In Egypt the workable price for Russian-origin billet is estimated at around $500-505/tonne fob. However China/ASEAN-origin billet in Egypt was heard avaliable at $530/t cfr. Turkish mills continued facing difficulties in increasing steel sales both domestically and internationally. The significant bookings for ASEAN-origin goods before …
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