22
Jul
01:00
Black Sea longs exporters favour semis
Traders of CIS longs products ex-Black Sea note that the shrinking differential between the price of billet and rebar has resulted in sellers focusing more on the semi product.
Since the fourth quarter of 2013, the price of rebar out of the CIS has fallen more sharply, compared to the moderate decline in the fob price for CIS billet, trade sources note to Kallanish. “The differential is now so small that it is generally true to say billet sales make up […
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Anonymous
Very good overview of the weekly steel market.
Anonymous