04
Jul
16:06
CIS billet may have bottomed, as scrap grows
Billet trade in the Black Sea basin has subsided in the past week amid ferrous scrap price fluctuations, and declining demand in key importing regions. This is in the run up to holidays and warmer weather constricting construction activity.
Having tracked scrap price declines in the past three months, Russian billet prices appear to have reached bottom last week, with no new offers made as Turkish scrap import prices performed an impressive rebound. The majority …
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Anonymous
Very good overview of the weekly steel market.
Anonymous