21
May
16:52
Black Sea billet holds firm despite China slide
The Black Sea billet export market has cooled down somewhat in the past week, but mills are not reducing offers below $700/tonne fob. The dynamic is divergent as China’s billet import market continues to slide, dragging ASEAN with it, but the most recent scrap and long product gains are preventing a sharp correction in billet prices, market sources tell Kallanish.
As China's bids were down to around $670-680/t cfr for CIS material late last wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous