18
Aug
16:46
Black Sea billet nosedives on Turkish rebar fall
The Black Sea billet export market nosedived on Wednesday, largely on the back of the Turkish integrated producer reducing its rebar prices sharply, Kallanish notes.
The producer sold at just over $660/tonne ex-works (see separate article). This sent Turkish billet bids down over $30/t to around $610-620/t cfr Turkey maximum.
Some sources doubted Turkish re-rollers would pay even these levels, as pressure on scrap prices remains, with participants expecting furth…
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Anonymous
Very good overview of the weekly steel market.
Anonymous