07
Feb
16:32
Black Sea billet market rises slowly but surely
The CIS billet export market remained tight over the past week, with trade still mainly focussed on Egypt, Kallanish notes. Prices continued to rise, with some participants saying they may be peaking, unless post-Lunar New Year demand in Asia gives a second wind to the Black Sea billet market’s recovery.
Egypt continued to book CIS billet, but sales were relatively scarce, as sellers were offering at $660-670/tonne fob Black Sea, around $10/t higher on-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous