31
Jul
15:02
Turkey’s China-origin billet deals set Russia-origin benchmark
Turkish billet customers estimate the maximum they can pay for Russian billet is around $500/tonne cfr Turkey, though they may bid lower after already making substantial purchases from Asia and China. The most recent deals concluded from the latter origin were reported at $480-485/t cfr Turkey, market participants inform Kallanish.
“Russian billet suppliers might get a maximum of $500/t cfr Turkey if they are lucky and can ensure quick delivery,” a tra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous