12
Oct
17:01
Black Sea billet rises on raw materials, power
Black Sea billet export offers have increased on the back of China's re-opening for business after the Golden Week holiday. This is thanks to uplifted sentiment and power supply issues jeopardising hot-end running both in China and Europe. The impetus on a rise is further accentuated by increasing scrap prices and the iron ore price rebound.
Some long products manufacturers already increased their offers of rebar and wire rod, and European producers are cuttin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous