26
May
16:58
Black Sea billet trade stalls amid multiple shocks
Black Sea billet export trade has stagnated over the past 10 days amid the initial Turkish scrap import price softening, low demand, and Indian proposed export duties creating more volatility. But the reduction in long products price expectation and softer billet values in the Middle East have resulted in one sale of Russian billet in the region, Kallanish observes.
A substantial volume of Russian 150mm 3sp billet sold at around $680/tonne cfr GCC for June/ea…
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Anonymous
Very good overview of the weekly steel market.
Anonymous