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08 Aug

Slowing North African markets concern semis sellers

Scrap and billet sales in Southern Europe and the Mediterranean area are under pressure from significantly lower volumes this month. Market uncertainty and the global economic slowdown are impacting the volumes of transactions, trading sources tell Kallanish. Black Sea billets are being offered to Northern African countries such as Tunisia, Algeria and Egypt at $440-445/tonne cfr. Transaction prices this month for CIS billets and billets from Italy are…
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