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14 Jul
17:10

Black Sea billet market divides

The Black Sea billet export trade has subdivided into several differently priced markets, which operate almost independent of current scrap price trends, participants tell Kallanish. The disparity is due to the many interlaced fundamentals playing out in the fatigued market, where the vast majority of buyers are preparing for holiday breaks while attempting to secure necessary volumes. Availability is generally tight and dynamics too uncertain for small traders t…
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