28
Apr
16:25
Black Sea billet market continues to soften
The Black Sea billet market remains alive with offers of Russian billet. However, the price dynamic continues to follow the descending curve in tandem with softening Turkish scrap import and long product prices in the majority of global markets.
Although offers tabled by sellers were circling $700-730/tonne fob Black Sea, concluded deals to Turkey last week were made at lower levels, considering freight and costs. Turkish re-rollers paid $720-740/t cfr d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous