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09 May
17:20

Black Sea billet trade slows, prices slide

The Black Sea billet market continues to slide, with only Russian billet offered. Following the descending dynamic in the Black Sea and global ferrous scrap and long products markets, billet prices from Russia have lost around $50/tonne this past fortnight, with more room for declines, market participants tell Kallanish. Although there has been little trade in the past 10 days due to numerous international holidays, the indications of workable price level from Rus…
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