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01 Dec

Turkey's scrap rise fails to activate Russian billet

The Black Sea billet market remains inactive, despite the rising scrap rates in Turkey. The lack of buying interest for Russian billet from Turkish buyers could potentially jeopardize prices in other places, market participants inform Kallanish. Russian suppliers offered billet at $500-505/t fob on Friday and intended to elevate prices by $3-5/t starting Monday, citing the increase in import scrap prices in Turkey. Russian domestic scrap prices were moving in…
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