13
Sep
17:01
Black Sea billet mills eye China rebound
The Black Sea billet market has perked up amid China's drive to stock up on billet, after the country's market participants started hedging their purchases again on rising demand and prices last week.
With September casting fully closed, mills are now preparing to sell October-casting volumes, and are eyeing slightly higher prices than in previous deals. From $580-590/tonne fob Black Sea, mills are likely to offer to China at $600-620/t fob, traders …
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Anonymous
Very good overview of the weekly steel market.
Anonymous