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16 Mar
16:58

Black Sea billet prices appear to have peaked

Despite the wide-ranging sanctions on Russian financial, business and economic sectors, Russian mills continue to offer their material for export. But producers are facing the choice of taking all risks or having no sales, while traders, who are willing to continue working with Russian mills, are running out of options due to major financing and freight issues, Kallanish learns from market participants. The initial shock of zeroing Ukrainian and Russian bille…
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