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26 Nov
16:46

CIS billet prices slip on new sales

The Black Sea billet export market has fallen back into low-trading mode after the spike in sales stimulated by the Egyptian import duty removal three weeks ago. Demand from key importing markets remains low, although a few sales took place last week totalling around 60,000 tonnes, Kallanish learns from market participants. A Ukrainian 30,000-tonne lot was booked in Central America at $690/tonne cfr, netting back to around $630/t fob Black Sea, according to trader…
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