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20 Oct
14:16

CIS billet offers continue to rise in tight market

The Black Sea billet export market continues to strengthen, with only a few offers available from mills, and at much higher prices than a week ago. Suppliers seem confident their offers will eventually be accepted, despite large disparity with re-rolling costs and the absence of China from the market, Kallanish learns from market sources. On Wednesday, there were very few but wide-ranging offers available from Russian producers. One supplier was indicating $6…
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