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08 Oct
07:43

Black Sea billet market tightens up

Black Sea billet exporters remained on the sidelines last week in preparation for China's re-opening for business after the Golden Week holiday. Some suppliers have already indicated higher offers, in line with expected buoyant demand in China and rising ferrous scrap indications in major importing hubs, such as Turkey and India. Ongoing power supply issues in China and rising energy costs in Europe are also working in favour of billet re-rolling instead of ma…
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