24
Mar
17:35
Russian billet weakens on lower Turkish buyer bids
Turkish buyers of billet from Russia have begun expressing lower bids, anticipating a drop in import scrap values, sources tell Kallanish.
However, the Turkish imported scrap market remained quiet throughout last week, making it challenging to evaluate the exact level of the market.
One vertically integrated major Russian billet supplier assesses the workable trading level to Turkey at $635/tonne cfr but is holding back from offering May-production material to th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous