27
Jan
17:45
CIS billet market drifts lower
Trade in the Black Sea billet market is standing still, with producers and buyers out of the market. Traders say they get piecemeal enquiries from buyers, who, hearing the offers, retreat without negotiations, Kallanish hears.
A couple of traders' offers at around $560/tonne fob Black Sea did not entice any buyers. On the other hand, a large Russian mill's offer for a large lot at $550/t fob Black Sea last week is not in the market today, sources say,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous